Romanian Real Estate News – 29/04/23

Romanian real estate

CONSTRUCTION

-Authorities issued 3,346 residential building permits in March 2023, up 30.1% m-o-m and down 23.8% y-o-y, the National Institute of Statistics data showed.

COMMERCIAL

-The first quarter of 2023 was among the slowest in the post-pandemic period in terms of demand for office space, reflecting uncertainty triggered by economic perspectives, according to Colliers.

-Investment fund Fondul Proprietatea (FP) requested the Bucharest Airports National Company (CNAB) to urgently finalize the tender for the concession of commercial spaces in Henri Coada Otopeni International Airport (AIHCB), which is already 10 months late.

-The Ministry of Transport and Infrastructure is the first anchor tenant in the London office building in Sema Parc, following an auction process in which the developer River Development participated and was declared the winner.