Romanian Real Estate News – 27/12/22

Romanian Real Estate News


Oradea-founded real estate developer Prima Development Group has started works for a real estate project in northern Bucharest, set to be developed in two stages.


Romania’s National Road Infrastructure Administration Company (CNAIR) will terminate its contracts with the Italy’s builder Tirrena Scavi, involved in the works of the Bucharest ring road, the Timisoara South bypass, and the Craiova-Pitesti highway.


The price of arable land in Romania has increased in the recent period, surpassing countries such as Bulgaria, Hungary, and even France, according to Eurostat data. The average price of a hectare (10,000 square meters) of arable land in the European Union in 2021 varied between EUR 3,661 in Croatia and EUR 71,225 in the Netherlands.