INVESTMENT
-Foreign direct investments in Romania’s real estate and construction field increased by EUR2.1 billion in 2023, holding the second biggest weight in the overall FDI at end-2023, namely 17.5%, the National Bank of Romania (BNR) data analyzed by real estate consultancy Cushman & Wakefield Echinox showed. Furthermore, foreign direct investments in construction and real estate transactions have more than tripled in absolute value, growing by EUR14.4 billion euros during the 2013 – 2023 period.
-Romania’s M&A Market in the first nine months of this year saw 198 deals, up 8.2%, with the estimated value increasing by 22% to $5.2 million, mainly supported by Energy and Utilities activity, according to an EY Romania analysis. The real estate and construction sector led.
RESIDENTIAL
-Last month, average sale prices of apartments, old and new, increased by 15% on an annual basis, an analysis by Storia, the real estate platform launched by OLX showed, with the biggest increases being registered in the Transylvanian city of Sibiu and the smallest ones in the seaside city of Constanta.
-Real estate developer RRG Real Estate Group is commencing the first phase of housing project Lakeside11 in the Straulesti area of Bucharest and expects to complete it by end-2026, following a EUR60 million investment.
OFFICE
Employees are starting to gradually adapt to pre-Covid work patterns, so that over 82% of them believe they would not have any problem working daily in the office should employers decide this in the future and even say they would adapt quite quickly, a survey recently conducted by Genesis Property among 1,168 respondents across Romania revealed.
Post your ad for free at:
