Romanian Real Estate News 10/07/24

Romanian real estate


-In H1 2024, more than 77,200 houses and apartments were sold across Romania, up 16% on an annual basis, while the increase in Bucharest-Ilfov county was 25%, real estate consultant SVN Romania said in a report based on data from the National Agency for Cadastre and Land Registration. The biggest number of homes sold was registered in the Bucharest-Ilfov region, followed by Timis, Iasi, Cluj, Brasov, and Constanta.

-The Yacht KID real estate project in Bucharest, developed by the KID Group of Companies and benefiting from a contemporary architectural concept signed by the office X Architecture & Engineering, has been shortlisted for the prestigious international SHARE Architecture Awards 2024, which celebrates outstanding architecture in Central and Eastern Europe.


OTP Bank Romania has concluded a EUR21 million financing agreement with Nor Real Estate, part of Atenor Group, for the development of Phase 1 of @Expo project, a top office building located in the Expoziției area of Bucharest.


Romanians spent EUR36 billion in large retail chains, up 11% on an annual basis, out of which the FMCG spending accounted for EUR22.5 billion (more than 60% share), according to the Romania Retail Snapshot 2024 by real estate consultancy Cushman & Wakefield Echinox, based on the financial results of 116 companies across 12 different retail segments.


Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of America’s Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra.


International hospitality company Hilton Group is set to open the first resort in Romania under one of the Hilton brands: DoubleTree Maramures Izvoare Resort, following a franchise partnership with Romanian company Izvoare Resort. The resort is located near the city of Baia Mare, Maramures county, in northwestern Romania.


Bucharest-listed One United Properties, the leading green developer and investor in residential, mixed-use, and office real estate in Romania, in its fourth voluntary Sustainability Report said the value of developments under construction exceeded EUR1.5 billion in 2023, while the overall area under development amounted to almost 900,000 square meters.

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