RESIDENTIAL
In May 2024, the price of apartments stood at EUR1,598 per square meter nationally. The level is over 11% higher than in the corresponding period a year ago, Imobiliare.ro data reveal. Cluj-Napoca in Transylvania remains the most expensive city in the country, with the average price reaching EUR2,753 per square meter after a 10% percent increase over the past year, according to the platform. Brasov is the second most expensive city in the residential market, as apartment prices increased by nearly 19% to EUR1,907 per square meter. Iasi, in eastern Romania, near the border with Moldova, remains the regional center with the cheapest apartments. On average, the price of housing there is EUR1,590 per square meter.
COMPANIES
-Belgian-held developer Liebrecht & wooD, operating in the real estate market in Central and Eastern Europe including Romania, announced the continuation of investment in the east of Bucharest.
-Liviu Diaconescu and Victor Capitanu, the founders of Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use, commercial, and office real estate in the Romanian capital, bought shares in the company in the amount of over RON3 million, through their investment vehicles, within three trading sessions at the Bucharest Stock Exchange (BSE), according to a BSE report.
-The shareholders of Romanian building material maker Cemacon have approved the delisting of the company from the Bucharest Stock Exchange (BVB), within an operation to be intermediated by stockbroker Estinvest, according to a BVB report.
-Holcim Romania, a construction, building Materials, and cement company announced the appointment of Remus Viscol to the position of Managing Director of the Aggregates Division.
ECONOMY
Despite easing to 5.9% in April 2024 from 6.61% in the previous month, Romania’s annual inflation rate remained the highest in the Central and Eastern Europe, an analysis conducted by Allianz Trade said. By the end of 2024, consumer inflation in the region is expected to rise or stay above the target ranges of central banks.
