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Homeowners May Insure Homes Through Voluntary Or Mandatory Policies
Romanian homeowners may insure their homes against earthquakes, landslides and floods either through voluntary or through mandatory home insurance policies, according to new insurance market...
Deputy FinMin: Romania May Hike Taxes On Multiple Homes, Apply Taxes On Swimming Pools
The Romanian Finance Ministry plans to increase taxes paid by owners of two or more buildings and limit exceptions regarding taxes on property, income and profit, secretary of state Liviu Vo...
Romania Will Simplify Home Insurance Procedures
Romanian homeowners who want to buy voluntary home insurance to cover damages that exceed mandatory home insurance coverage will sign only one contract, not two, according to the Pool of Ins...
Home Demand, Prices In Bucharest Halved Since 2007 - Survey
Bucharest home demand has halved since the end of 2007, the beginning of the economic crisis, although prices have dropped by 50% in the meantime, according to real estate brokers.
Insolvencies Take Their Toll On 4,000 Apartments In Bucharest
The 12 largest residential compounds in and around Bucharest that went insolvent or bankrupt in the past three years consist of tens of buildings with over 4,000 homes, some finalized, other...
Top 50 Residential Projects In Bucharest
The 50 largest residential projects built in and around Bucharest over the past few years brought 20,000 new homes to the market, following investments estimated at around EUR1 billion, reve...
Home Construction In Europe: A Priority For Czech, Hungarian Authorities, Mere Promises In Romania
Although Bucharest officials are preparing to eliminate subsidies granted for the construction of mortgage homes, countries in the region continue to conduct similar programs, seeking to rev...
Development Ministry To Receive EUR360M In Redirected EU Funds
The European Commission agreed to direct EUR360 million for the thermal rehabilitation of homes from other operational programs, Romanian Regional Development Minister Elena Udrea said Frida...
Voluntary Home Insurance Market Surged In 3Q, Mandatory Segment Lags Behind
Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past mont...