Romanian Real Estate News – 16/02/24

INVESTING -Against a backdrop of dropping global mergers and acquisitions (M&A) activity, dealmaking in Central and Eastern Europe (CEE) held up relatively well, with the region witnessing 1,097 transactions, amounting to a combined value of €37.3bn, according to a recent Mazars report. Romania Ranked 3rd in the region, the study…

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SE Europe Real Estate News – 13/02/24

CROATIA Austrian real estate investor and developer Immofinanz has completed the sale of the Grand Center Zagreb office building to a Croatian real estate company. The Grand Center Zagreb is a prime office property in Zagreb’s strongest and most popular office submarket. The 16.000 square meters building was completed in…

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SE Europe Real Estate News – 12/02/24

BULGARIA The growth in real estate prices in Bulgaria will probably slow further in 2024, National Real Estate Association Management Board Chair Dobromir Ganev told BTA during conference on Black Sea holiday property held in Burgas last month. He said his forecast was based on the current development of the…

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SE Europe Real Estate News – 09/02/24

BULGARIA In December 2023, the production index in the Construction sector decreased by 3.6% compared to the same month in 2022, data of the National Statistical Institute (NSI) indicated. CROATIA In Q2 2023, Croatian nationwide house price index increased strongly by 13.73% from a year earlier according to figures from…

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Romanian Real Estate News – 08/02/24

OFFICE Roughly 116,000 sqm of office spaces were leased in Bucharest in Q4 2023, bringing the total 2023 transactional volume to over 463,000 sqm – an all-time annual take-up record, according to data from real estate consultancy company Cushman & Wakefield Echinox. The volume under review is 43% higher year-over-year…

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SE Europe Real Estate News – 07/02/24

BULGARIA The number of newly built residential buildings in Bulgaria decreased by 3.6% to 1,529 in the fourth quarter of 2023 on an annual basis, the statistical office said on Wednesday (Feb. 7). The highest number of residential buildings were constructed built in the district of Sofia ( 267 residential buildings),…

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Romanian Real Estate News – 06/02/24

RESIDENTIAL Property owners who want to sell or rent mostly expect prices to rise, both for apartments for sale (39% of respondents) and for rent (40%) in 2024, according to the latest survey of users of Storia, the real estate platform launched by OLX. At the same time, 60% of…

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Romanian Real Estate News – 11/01/24

“INVESTMENT” Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors to impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer.” “COMMERCIAL” With 2023 behind…

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Climbing rates lock millennials out of homeownership

High interest rates are millennials’ No. 1 barrier to homeownership, according to a new survey from Real Estate Witch, an online publication owned by Clever Real Estate that connects readers with expert real estate advice. Millennials refer to the cohort born from the early 1980s to mid 1990s, which means…

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Romanian Real Estate News – 10/01/24

“CONSTRUCTION” A total of 2,700 residential building permits were issued by authorities in November 2023, down 15.1% on an annual basis, data published by the National Institute of Statistics (INS) showed on Monday. In January-November 2023, the number of residential building permits stood at 32,096, down 21.7% on an annual…

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