Real Estate
Asking Prices For Apartments In Bucharest Stable In January, For First Time In Three Years
Asking prices for apartments in Bucharest remained stable on the month in January, for the first time in the last three years, but fell compared with January 2014, according to a study by re...
Alpha Bank Branches Out Into Real Estate Development
Alpha Bank, a top ten lender in Romania by assets, has set up its own real estate division to develop residential projects. The bank is thus trying to recoup some of the money invested in su...
None Of First Home Participating Banks Wants To Withdraw – Finance Ministry
None of the banks participating in the government-guaranteed mortgage lending First Home program has informed the Finance Ministry about its intention to withdraw from the project so far, th...
NEPI To Inaugurate Second Stage Of Shopping City Timisoara End-March 2016
South-African investment fund New Europe Property Investments (NEPI) will complete the second construction stage of Shopping City Timisoara on March 31, 2016, and it will fully inaugurate th...
Supreme Court Rejects Polus Real Estate’s Request For Liquidation Of Cartierul Tineretului Project
The Supreme Court has rejected the request for the dissolution of company Cartierul Tineretului Cluj SRL, submitted by real estate developer Polus Real Estate SRL, through which the latter t...
Apartment Prices In Romania Rose 2.1% In January
The average price of new and old apartments put up for sale countrywide increased by 2.1% to EUR971 per square meter in January, from EUR951 per sqm in December, and are 6.7% higher compared...
Manea, BCR: Bill On Giving In Payment To Shrink Lending Market
The amended version of the bill on giving in payment, after being sent back to the Parliament by President Klaus Iohannis, will restrict the lending and financial intermediation market, acco...
Five Investors Bought Properties Of Over EUR500M In Romania Last Year – JLL
Five investors - CTP, GLL, P3, Nepi and Globalworth – bought properties exceeding EUR500 million in Romania last year of the total EUR650 million registered for the entire Romanian market, a...
First Hilton Garden Inn Hotel To Open In Bucharest’s Old Town
The Lithuanian investors who own the four-star Europa Royale Hotel at the entrance to Bucharest’s Old Town are investing in a new hotel in the area, near Romania’s central bank headquarters,...