CONSTRUCTION
The volume of construction works in Romania increased, in unadjusted data, by 5.8% in January 2023, y-o-y and was up 7.2% when adjusted to the number of working days and to seasonality, the National Institute of Statistics (INS) data showed.
FINANCING
About 60% of the Romanians who purchased homes last year used their own funds, while 28% bought properties with a mortgage/real estate loan with a down payment of less than 15%, according to a study among real estate specialists conducted by RE/MAX. Only 5% of the buyers used a mortgage loan with a down payment of more than 15%, and 4% used a co-guarantor loan (of the First House type), while 2% made installments directly to the builder.
RESIDENTIAL
Real estate developer Nusco Imobiliara begins the development of Nusco Homes – a new residential compound of villas located in the northern part of capital city Bucharest, in the town of Tunari, with an investment estimated at over EUR30 million.
INDUSTRIAL
FrieslandCampina, one of the largest global companies in the dairy market, is consolidating its operations in Romania in the first Class A industrial park in Cristești, near Târgu Mureș – Mureș City Logistics, and becomes the first associate in a project developed by Global Vision in partnership with Globalworth.