Romanian Real Estate News – 24/11/22

Romanian real estate news


The average monthly rent on Bucharest’s Calea Victoriei is EUR 53/sqm, which places the Romanian capital 37th in a new global ranking from real estate services firm Cushman & Wakefield. The Main Streets Across the World report tracks the top retail streets across 92 cities.


Global boutique flex office provider, Mindspace, has recently welcomed new members to its all-inclusive flexible workspaces at Mindspace Business District and Mindspace Victoriei in Bucharest. Employees from Shutterstock, Dow Jones, Standard and Poor’s, Mambu, GSD Solutions and Fressnapf will benefit from the numerous amenities and perks offered exclusively to members.


-Germany’s Stada Arzneimittel AG, a pharmaceutical company which specializes in the production of generic and over-the-counter drugs, has started construction works for the pharmaceutical plant of Turda, Cluj county, a EUR50 million investment announced in early 2022, Ziarul Financiar reported.


Private lending in Romania grew by 14.7% in nominal terms (-0.5% in real terms) in October 2022 compared with October 2021 to RON363.59 billion, National Bank of Romania data showed. Meanwhile, the value of loans extended by non-banking financial institutions (NFIs) reached a record level of over 41 billion RON at mid-2022, after a 9.2% advance in the first 6 months of this year (compared to the same period in 2021), a KeysFin analysis showed.


One in five Romanian households spends more than 60 percent of their income on rent, double the European average, according to a diagnostic study on quality, sustainable and affordable housing launched by the Economic and Social Council (CES).