Contact person: Direc tor of the Institute:Prof. Dr. oec. INETA GEIPELE

6 Kalnciema Str., Room 211Riga, LV-1048

+371 29455375

ineta.geipele@rtu.lv

www.rtu.lvInfo

INSTITUTE OF THE CIVIL ENGINEERING AND REAL ESTATE ECONOMICS

In 2011, the ICEREE became a member of the International Real Estate Federation (FIABCI), which brings together real estate professionals from 65 countries. FIABCI has consultative status with the Economic and Social Council (ECOSOC) of the United Nations, and it is a member of regional institutions such as NAFTA and MERCOSUR. As a result, the focus of the ICEREE is global networking, international business development, education and support for the global real estate industry.

The Institute of Civil Engineering and Real Estate Economics (ICEREE) is the leading scientific research institute in its field of operation in Latvia. The Institute cooperates with other scientific institutions in Latvia and the European Union, as well as with various leading Latvian companies and global corporations.The Institute consists of the Department of Civil Construction and Real Estate Economics and Management, the Department of Territorial Development Management and Urban Economics, and RTU Scientific Research Laboratory of Civil Engineering Management and Real Estate. At the Institute, the research is carried out by 6 professors, 22 doctors of science, 5 researchers and 19 Doctoral students. Other students are also actively involved in the research. The Institute’s laboratory is fully equipped with the state-of-the-art software and hardware.The main objective of the ICEREE is to provide the industry (professionals operating in the areas of civil engineering and real estate, as well as interdisciplinary professionals involved in these areas, including property development, valuation, investment, advisory, legislation, urban planning and management, insurance) with access to innovative research results in their multidimensional aspects, thus facilitating the transfer of products to business; as well as to ensure the implementation of Bachelor, Master and Doctoral study programmes by the ICEREE structural units for the education and training of competitive and highly qualified specialists for scientific and practical work.

Within the framework of the research “Management System of Real Estate Development”, the factors influencing the development of the real estate market are explored, as well as the factors affecting the depreciation of the residential sector and the stagnant nature of the real estate market are explained by assessing the structure and the condition of the residential sector, the intensity of real estate transactions in the segment of the residential construction market. The analysis of the research, its main results and the formulated conclusions substantiate the necessity of the informative and analytical management system of real estate market development and the continuation of research on the development of real estate market in several directions. The elaborated informative and analytical management system of real estate market development can ensure the regulation of the real estate market both from a legal point of view and current perspective, revealing topical and actual problems. It would also maintain effective communication and cooperation between state/municipal institutions and entrepreneurs/third parties in promoting real estate transactions and their development projects. The results of the research are reflected in the scientific monograph.

The scientific and practical importance of the research “Evaluation Methodology of Land Use Efficiency and Indicator System in Land Management” is to continuously monitor the use of land resources and take decisions at different levels of land management in order to promote the rational and sustainable use of these resources for the public benefit. The results of the research are reflected in the scientific monograph.

The research activities of the Institute include the following research areas: sustainability problems in the development of construction business and real estate; civil engineering, power engineering, urban environment and real estate in socio-economics, engineering economics and management; transfer of scientific and technological innovations to the business environment; national socio-economic development problems; human capital and its role in the modern economy at the national and regional levels; the problems of polycentric development in Latvia; urban economics, etc.

The scientific activities of the Institute of Civil Engineering and Real Estate Economics are characterised by participation in various projects, the most significant ones are:

The aim of the project “The Assessment of Climate Impact, Adaptation to Climate Changes and the Social and Economic Values of Adaptation Possibilities for Multi-Apartment Building Districts in Riga and Latvia” (Sustainable Development of Multi-Apartment Buildings in Riga Micro-Districts) is to study the technical condition of typical housing development in Riga, summarise the thermal energy consumption data and describe the need for typical building renovation. The results of the research are intended to formulate the economic substantiation for typical building renovation and energy efficiency measures, determine the conditions for the repayment of financial investments from thermal energy savings and develop a new approach for the involvement of apartment owners in typical building renovation.

MICROPOL – Smart Work Centres in Non-Metropolitan Areas, 1097R4The overall aim of the project is to improve the measures and instruments of local and regional development policy in order to stimulate growth and employment in non-metropolitan areas. The specific aim of the project is to broaden knowledge of local and regional government and improve strategies for creating smart work centres. Within the framework of the project, the best practices have been collected, a business model for the operation of the smart work centre has been developed, guidelines for the improvement of regional policy have been formulated, as well as several reports on remote work and smart work centres have been drawn up. The project has been implemented in close cooperation with industry experts and local authorities. As a result of the project, the collaboration centre “School 6” has been established in Cēsis.

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