Real Estate
Colliers: Fewer And Fewer Romanians Can Afford To Buy A New Home Due To Soaring Prices
Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a pace significantly faster than wages, amid rising construction material prices and current eco...
Colliers: Bucharest Office Market Continued its Rebound in Early 2022
In the first quarter of 2022, a little more than 70,000 square meters of new modern office spaces were delivered in Bucharest, driving the total amount to almost 3.3 million square meters.
Square 7 Properties Buys 30,000-Sqm Land Plot in Medias to Build New Shopping Center
Square 7 Properties, a company that develops and manages retail parks, owned by Austrian businessman Clemens Petschnikar, has announced the acquisition of a 30,000-sqm land plot in Medias, w...
SIF Banat-Crisana Group Buys Tutunul Romanesc Site in Bucharest for EUR33.5M
SIF SPV TWO, a company of the SIF Banat-Crisana (SIF1.RO) Group, on Wednesday bought the site of the „Tutunul romanesc” plant in Bucharest. The previous site owner was Interagro SA, a compan...
JLL Romania: Residential Sales Market Expected To See Stagnation And Correction
The residential sales market is expected to go through a period of stagnation and correction, as harsher lending conditions, inflation and rising construction costs will change consumption c...
Catinvest Completes Second Stage Of Electroputere Parc Craiova Development
French real estate group Catinvest has completed the second phase of the Electroputere Parc development and it will soon finalize expansion works on the Electroputere Mall which will enable...
WDP Rakes In EUR14.6M Rent Income in 1Q/2022 in Romania
In the first quarter of 2022, Belgium’s WDP posted rent income worth EUR14.6 million related to the 60 properties it owns in Romania.
Impact Developer & Contractor Rakes in 1Q/2022 RON37M Property Sales Revenues, Down 5%, and RON6M Net Profit vs RON1.3M Losses in 1Q/2021
Real estate developer Impact Developer & Contractor in the first quarter of 2022 posted property sales revenues worth RON37 million, down 5%, and net profit of RON6 million, from RON1.3 mill...
Prime Kapital Set to Start Construction Works for Pleiades Residence In Ploiesti
Prime Kapital, one of the most dynamic real estate investors, developers and operators in Central and Eastern Europe, has got the building license for Pleiades Residence, Ploiesti, and is du...