Real Estate
Eurostat: House Prices In Romania Up 5.3% YoY In 4Q/2018
House prices in Romania grew by 5.3% in the fourth quarter of 2018, compared with the same quarter of 2017, and by 0.8% compared with the third quarter of 2018, Eurostat, the statistical off...
BCR Puts Heritage Building in Piata Universitatii, Bucharest, Up for Sale
Banca Comerciala Romana has put for up sale the palace in Piata Universitatii in Bucharest that once housed Generala insurance company and has been associated with the bank’s name for decade...
SVN International Corp Opens Realty Consulting Office In Bucharest; Eyes EUR4M Turnover In 1st Year Of Operations
U.S. real estate consulting firm SVN International Corp, with operations in eight countries and regions globally, has opened an office in Romania’s capital city Bucharest and expects a turno...
Romania Has 3.71 Million Sqm Of Malls, Retail Centers And Galleries – On Average 191 Sqm/1,000 Inhabitants
The stock of modern retail space in capital city Bucharest remained stable in 2018, at 1.2 million square meters, 7% higher than the stock in Romania’s Center-West region (16 counties in Tra...
Reynaers Romania: Aluminum Carpentry Market Seen Up 5%-10% In 2019
Reynaers Aluminium Romania, the local division of European developer of aluminum products for the building sector, expects a 10% increase in its turnover in 2019, in line with the evolution...
Real Estate Developers Delivered Over EUR1.3B Worth of Retail, Office and Industrial Space in 2018
The total value of the retail, office and industrial properties delivered in 2018 stood at EUR1.3 billion, 20% higher than in 2017, data centralized by real estate consultant Activ Property...
JLL: Office Space Market Remains Attractive For Existing And New Companies
The year 2019 jump-started for the market of office space transactions and all signs suggest the upward trend will be kept until the end of the year. Thus, approximately 124,500 square meter...
Developer Gran Via Goes to Constanta with EUR60M Residential Project
Spanish-held real estate developer Gran Via, which has completed about 1,000 homes in Bucharest so far, has started work on a new residential project, this time in Constanta. This is its fir...
Dedeman Owners Recruit Raiffeisen's Investment Manager to Run Paval Holding
Dragos and Adrian Paval, the owners of DIY retail chain Dedeman, have recruited Laurentiu Ciocarlan, head of Raiffeisen Bank's investment department, to run a private equity fund that will i...