HOUSING
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BREC: Major Real Estate Projects In Romania Underway or Set to Start in 2022 Top EUR1.8B
The volume of investments in the biggest real estate projects underway or due to start in 2022 across Romania goes beyond EUR1.8 billion, with the housing and logistics markets being the mos...
Corporate Office Solutions Set to Tap Into Furniture Market
Corporate Office Solutions (COS), specializing in turnkey office interiors, will enter the segment of custom made furniture production through a possible acquisition as the company wants to...
Forty Management Sees Profit Surge 56% in Jan-Sept 2021 from Year-Earlier Period
Real estate developer Forty Management, run by Lucian Azoitei, for the first nine months of 2021 reported consolidated turnover worth RON109.4 million, up 76.3% from the same period of 2020,...
Number of Housing Units Sold in Jan-Oct Up 65% from Year-Earlier Period
The number of housing units sold in Romania in the first 10 months of 2021 was 65% higher than the year-earlier level, but they were not also delivered.
Ovidiu Tender in Talks to Sell Vulcan Platform
Businessman Ovidiu Tender, owner of Vulcan platform of southern Bucharest, is in talks to sell the 25-ha land plot to a group of investors, according to real estate market sources.
Wallberg Set to Tap Two New Directions
Valentin Morar, founder and a stakeholder in Wallberg real estate developer, further banks on Timisoara and Brasov and wants to enter Bucharest’s housing market and also the logistic segment...
Constructions, For Second Time in the Red in 2021, in July
After posting two-digit growth and supporting the Romanian economy in 2020, constructions slid in July 2021, by 2.4% year-on-year. The 6.7% infrastructure decline and the 19% decrease of non...
Romania’s Housing Map: Where Business Thrives, There’s Housing Building
The number of housing units delivered annually in each county of Romania and the spectacular growth seen by some counties, such as Brasov (a 139% increase in 2020 against 2010), Sibiu (101%...
Uneven Residential Development in Romania’s Biggest Cities in 2020
The residential development of Romania’s top cities is uneven, as the latest publicly available information from the National Statistics Institute show.