REAL ESTATE
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Number Of Realty Deals In Romania Up 20% In January-May
The number of real estate transactions in Romania increased 20% on the year to 323,419 in the first five months of 2013, while the number of new mortgages registered with national cadastre a...
Popoviciu And Dimofte Get EUR30M Profits From Malls And Retail Spaces
Sixteen companies known to be controlled by businesspersons Gabriel Popoviciu and Radu Dimofte reported total profit of almost EUR30 million in 2012, up 85% on the year, reveals a ZF analysi...
Foreign Realty Investors Hiked Their Romanian Firms’ Capital By EUR165M In 1H
Foreign real estate investors increased the capital of the firms they own in Romania by about EUR165 million in the first half of 2013, double from EUR86 million in the similar interval a ye...
JLL: Great Time For Equity Players To Enter Romania
Romania’s real estate market can still provide investment opportunities but only for investors who do not need bank loans, because the “cost of funding is prohibitive” says Dutch executive G...
Former America House Manager: Romanian Realty Market Is Almost Opaque, Needs Transparency
The Romanian real estate market is almost opaque and needs more transparency to attract investors, Louis-Maxime Juhel, former administrator of French investment fund AEW Europe’s assets in R...
DTZ Echinox: Romania’s Real Estate Market Still Dependent On Bank Loans
Romania’s real estate market continues to be highly dependent on bank loans because of a poor capital market development, according to an analysis by real estate consulting company DTZ Echin...
Lawyer Daniel Voicu To Develop EUR1.5M Block Of Apartments In Central Bucharest
Lawyer Daniel Voicu, one of the founders of law firm Voicu & Filipescu, with turnover of EUR3.8 million in 2012, is investing EUR1.5 million in a 10-apartment block in central Bucharest, bet...
Opus Land Wants To Build 250 More Apartments In Residential Compound Cosmopolis
Real estate developer Opus Land Development sold 125 apartments in Romanian residential compound Cosmopolis in Ilfov county this year and wants to deliver 250 more apartments by the end of t...
Most Expensive Manor House In Romania On Sale For EUR2.5M
Manor houses in Romania are available for sale at prices ranging between EUR300,000 and EUR2.5 million, the asking price of a 500-square meter penthouse put up for sale in Bucharest, accordi...