Real Estate
Colosseum Mall Expansion Opening Postponed for 2021
The Colosseum shopping in northwest Bucharest will open its expansion in 2021 instead of the end of this year, due to lack of predictability in the business environment under the impact of t...
Colliers: Romania Is Well Positioned To Attract Industrial Capacities from Asia
The Central and Eastern European Region (CEE) may attract new production capacity as the global economy undergoes major changes in the pandemic context, according to a Colliers International...
Romania Seeks to Double Loan Cap Under Subsidized Mortgage Lending Program
Romania's government plans to revamp the First Home subsidized mortgage lending program by raising the loan ceiling for new builds to EUR140,000, double compared with the current EUR70,000.
Bucsa, UniCredit: Increase In Guarantee Ceiling For First Home Program Will Certainly Boost House Prices
Increasing the maximum guarantee ceiling within Romania's subsidized mortgage lending program for first time homebuyers will trigger price increases on the real estate market, stated Dan Buc...
Ioannis Papalekas Returns To Globalworth’s Shareholding Structure Five Months After Exit
Ioannis Papalekas, the founder and CEO of Globalworth, the largest office owner in Romania and Poland, has returned to the company’s shareholding structure.
Eurostat: House Prices in Romania Down 23.6% in 1Q/2020 vs 1Q/2007
Romania registered the second largest decline in house prices in the European Union in the first quarter of 2020 compared with the first quarter of 2007, of 23.6%, after Greece (-35.6%) and...
Iulius Group Starts Work on EUR120M Palas Campus Office Project in Iasi
Real estate developer Iulius Group, owned by Iulian Dascalu, announced Wednesday it was starting work on the Palas Campus office project in Iasi in an investment of more than EUR120 million.
Globalworth: Companies’ Space Demand Grows To 20 Sqm/Employee From 10 Sqm Before Covid-19 Pandemic
Companies have started to increase the office space allotted to each employee, with demand growing to on average 20 square meters per employees from 10 square meters before the Covid-19 pand...
Kingfisher Opens Construction Materials Outlet Near Bucharest
UK's Kingfisher, owner of DIY retail chain Brico Dépôt, has opened a construction materials outlet center in Chiajna, near Bucharest.