REAL ESTATE
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Bucharest Apartment Prices Stay Frozen In First Summer Month
The average price of old three-room apartments in Bucharest dropped by 1% month-on-month in June, from EUR81,400 to EUR80,600, according to the real estate index drawn up by ZF together with...
Bucharest Industrial Space Vacancy Rate Narrows In First Half - Colliers
Industrial space rentals in Bucharest cumulated 48,100 square meters in the first year-half, similar to the figure in the same period of 2010, but the vacancy rate reached an 18-month low be...
Radu Georgescu Sells His Land “Division” In Bucharest
Businessman Radu Georgescu, who has sold several IT businesses in the past decade, has now parted with real estate company Metropolitan Developments, which owns several plots in central Buch...
Austrian Investors Still Bet On Bucharest Real Estate
The Austrian investors in Romanian real estate sector, which were the most dynamic buyers of local properties over the past ten years, are rather looking to consolidate their current portfol...
Ovidiu Sandor Makes EUR8M From Offices And Luxury Clothing
Ovidiu Sandor, president of Moda-Tim, has made a business out of taking advantage of the office space shortage in Timisoara and of the tradition in the clothing industry of a company that ma...
Billionaire Tiriac Builds Business Center In Victory Square, Bucharest's Prime Office Area
Ion Alexandru Tiriac says there is still demand for office space and that he will start construction work of a 14-floor office building in Piata Victoriei square, at the northern end of the...
Bucharest Has EUR300M Worth Of Tradable Property - DTZ Echinox
Realty projects currently available in Bucharest could generate transactions worth more than EUR300 million, Thursday said Cristian Ustinescu, investment director at real estate consultancy...
Survey: Land Prices Down 16% In 1Q
Owners of inner city land for residential project development in Romania continued to decrease prices in the first quarter of the year, by up to 16%, under the pressure still felt from the e...
Ioana Momiceanu To Manage Dinu Patriciu's Romanian Real Estate Assets
Dinu Patriciu Global Services, or DPGS, owned by Romanian businessman Dinu Patriciu, Wednesday said it has appointed Ioana Momiceanu as head of asset management for its real estate portfolio...