Real Estate
Impact Developer Borrows EUR13M from Libra Bank for Real Estate Investments
Romanian real estate developer Impact Developer & Contractor (IMP.RO) said Monday it has signed two mortgage loan agreements amounting to EUR13.3 million with Libra Internet Bank, for real e...
C&W Echinox: Bucharest Office Market Showing Sings of Recovery
Leasing transactions on the Bucharest office market grew to 48,000 square meters in the first quarter, down 9% compared with the same period last year when the Covid-19 pandemic was in its e...
CBRE: Industrial Space Leasing Grows 43% in 1Q
Total industrial leasing activity in Romania grew 43% on the year in the first quarter, to 264,400 square meters, real estate consultancy company CBRE said in a report.
Prima Development Offers 5-Year Guarantee on Core Timpuri Noi Residential Project
Prima Development Group, a real estate developer based in Oradea, is investing EUR20 million in a 240-unit residential project in Bucharest for which it offers a five-year guarantee.
JLL: Investors Seek to Raise Allocation to Living Assets in Europe
The investment allocation to living assets is set to grow throughout 2021, following the robust performance of the market throughout 2020, which resulted in EUR83.4 billion being invested in...
Residential Building Permits Issued Hit 14-Year High in March
Romanian authorities issued 4,456 residential building permits this March, an increase of 39.5% on the previous month and of 38.2% on March 2020. The number of building permits issued reache...
C&W Echinox: Industrial Space Transaction Volume Doubles in 1Q
Romania's local industrial and logistic market started 2021 on a positive trend as the transacted volumes in the first quarter reached nearly 200,000 square meters, double compared with the...
Housing Price Growth in Romanian Cities Slows to 3% in 1Q
Average asking prices for housing in Romania grew 2.2% in the first quarter of 2021 compared with the fourth quarter of 2020, and the annual growth rate slowed to 3% on lower demand and incr...
APX Hotels Buys Hotel in Sibiu for EUR1.85M
APX Hotels group, owned by Romanian investor Adrian Polec, has bought the former Libra hotel in Sibiu for EUR1.85 million, which it will renovate and reopen as the four-star Hermanns Hotel i...