LOGISTICS CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the…
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BOK gov warns of financial stability risks amid failing real estate loans
The governor of South Korea’s central bank Rhee Chang-yong warned of increasing financial sector risks amid rising delinquency for real estate loans— even as there are signs of the property market slowly recovering. “In the mid- to long-term, it is necessary to find a way to smoothly deleverage household debt in cooperation with relevant institutions so that financial imbalances don’t accumulate again,” Rhee said in remarks at the Bank of Korea’s (BOK) 73rd anniversary ceremony. “As the importance of non-banking and the complexity of the system have increased, it is difficult to achieve the goal of financial stability for the…
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Total real estate investment volumes in Central and Eastern Europe (CEE) shrank by an annual 64% to €2.02 billion, in the first…
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OFFICE Almost 40% of white-collar workers go to the office every day and 28% of them work in hybrid system, about a…
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OFFICE The companies are still in search of qualitative upgrades, in Bucharest, despite the slowing down of deliveries, also impacted by the…
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RESIDENTIAL A total 15,329 housing units were put into use in the country in the first quarter of 2023, down 3.6% y-o-y,…
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The governor of South Korea’s central bank Rhee Chang-yong warned of increasing financial sector risks amid rising delinquency for real estate loans—…
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INVESTMENT -Romania’s real estate investment market saw deals worth EUR120 million in Q1 2023, accounting for almost 10% in CEE-6 volume, according…
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CONSTRUCTION –Prices of construction materials went up 3.1% y-o-y in Romania in the first quarter of 2023, Ziarul Financiar reported. –The construction…
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RESIDENTIAL Last month, Romanians viewed 16% fewer pages of real estate listings than in March and made 15% fewer contacts, according to…
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RESIDENTIAL Over 58.2% of homes sold in Romania in Q1 2023 were bought with funds exclusively from own resources, without resorting to…
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HOTELS The Transilvanian city of Brasov will add four hotels with a total of 600 rooms in the coming years under international…
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New single-family houses sales in the US unexpectedly jumped 4.1% month-over-month to an annual rate of 683,000 in April 2023, the highest…
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HOTELS Bucharest hotels’ occupancy rate stood at 62% in the first quarter of 2023, up 33% y-o-y, and just 5% below the 2019…
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CONSTRUCTION –The volume of construction works in Romania increased up by 12.7% in the first quarter of 2023 y-o-y, data from the…
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RESIDENTIAL Cluj-Napoca, a city in northwestern Romania, remained the most expensive city in terms of apartment prices, as asking prices of residential…
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OFFICE -Bucharest office developers are readying six new buildings by 2025 with a total area of 139,400 leasable square meters underway, while…
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UAE based proptech start-up Keyper, has officially announced a Rent Now Pay Later (RNPL) service, meaning Dubai residents can pay their rent…
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DEALS Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, accounting for 28% in the overall…
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LOGISTICS CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the…
Total real estate investment volumes in Central and Eastern Europe (CEE) shrank by an annual 64% to €2.02 billion, in the first…
OFFICE Almost 40% of white-collar workers go to the office every day and 28% of them work in hybrid system, about a…
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