RESIDENTIAL
The credit crunch will accelerate the rental market, according to JLL Romania. “The limited access to mortgage loans, combined with the preference of the younger generations for more flexibility, is stimulating the rental market and creates the necessary framework for the emergence of the built-to-rent residential developments”, says Andreea Hamza, Senior Director Living, JLL Romania.
HOTELS
THR Marea Neagra, controlled by Transilvania Investments, is putting up six hotels for sale and another six for rent, meaning that after tenders are completed the company will have no hotels left under management, Ziarul Financiar reported on Monday (Dec. 12).