Browse Category

Romania Daily

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 “Investing in CEE: Inbound M&A…

Read More

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 and also marks a 19%…

Read More

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 respondents anticipate a decrease in…

Read More

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 us, 2024 is likely to…

Read More

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 basis. “RETAIL” The volume of…

Read More

Romanian Real Estate News – 09/01/24

“RESIDENTIAL” The housing market contracted in 2023 on both the supply and demand sides. The number of residential project completions decreased nationally by 2% in H1 2023 on an annual basis, while the volume of construction works in the first 9 months of 2023 dropped 7.2% with significant regional disparities, according to the latest Financial…

Read More

Romanian Real Estate News – 08/01/24

“HOTEL” Nordis Group recently inaugurated Nordis Mamaia, a 5-star hotel on the Romanian Black Sea Coast. It is the most important hotel investment in Romania in the last 30 years and the largest leisure hotel in Central and Eastern Europe. Nordis Mamaia will be open all year round. “RESIDENTIAL” -The city of Brasov in Transilvania…

Read More

Romanian Real Estate News – 20/12/23

“INDUSTRIAL” Romania’s real estate market prepares to end a “decent” year, with intense activity in the industrial sector, but also with a drop in economic dynamic and a significant fall in investment market activity, Ziarul Financiar reported citing Colliers consultants who predicted this at the beginning of 2023, in their report “Top 10 predictions 2023”.…

Read More

Romanian Real Estate News – 19/12/23

INVESTMENT -One United Properties, the leading green real estate developer in Bucharest, has announced in a stock market report on Monday (Dec. 18) the conclusion of a loan agreement with Alpha Bank Group, with a total value of up to €30.5 million, for One Gallery, a retail gallery based in northern Bucharest that is part…

Read More

Romanian Real Estate News – 18/12/23

INVESTMENTS -One United Properties, the leading green real estate developer in Bucharest, has finalized the acquisition of a historic building located in the center of the Romanian capital, the former Ford factory. One United Properties intends to fully restore the factory and transform it into a retail space, One Gallery. The deal was inked with…

Read More
1 2 3 13