The affordability of buying a new home in Romania’s capital Bucharest fell 1.5% in the past year, with 103.8 average salaries (8.6 years) being needed for the purchase of a two-room apartment, compared with 102.3 average salaries (8.5 years) in September 2021, according to calculations by real estate company SVN Romania.
The number of construction permits for residential buildings issued in Romania, in January-October 2022, were down 12.9% y-o-y, National Institute of Statistics (INS) data showed. According to statistics, 37,790 building permits were issued for residential buildings while decreases were recorded in all development regions.
-Bucharest’s Marmorosch hotel, part of the portfolio of Lithuania’s Apex Alliance group, is estimated to reach a turnover of EUR 10 million.
-The Radisson Blu Aurum Hotel in Brasov, which opened last month is counting on a turnover of EUR 6.5 million and an average occupancy rate of at least 65% in 2023.