Romanian Real Estate News – Tuesday 01/11/2022

Romanian Real Estate News


-The rising cost of construction materials, higher utility costs and the war on the border curb Romanians’ appetite for home renovation, according to a Star Stone survey.


-The real estate and construction sector has attracted around 12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to a level of 17.4% at the end of 2021, compared with 9.2% in 2012, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox.

-Lacul Morii (Mill’s Lake), located in Bucharest’s District 6, is set to be revamped, with green areas and a small urban forest enriching the lake’s landscape, said District 6 mayor Ciprian Ciucu on Facebook.


-Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, has obtained the building permit for One Floreasca Towers, a premium development which will be built on a plot of land of 5,600 sqm, located in Bucharest, and which will comprise 208 housing units.