Real Estate
Developers Resumed Housing Construction In Central Areas In 2014, At Higher Costs
The construction of residences delivered in Bucharest last year cost more than in 2013, as developments were in more expensive locations and targeted the luxury and medium-high segments, acc...
Banks Getting Ready To Grant A Record 30,000 First Home Loans In 2015
Banks will be able to grant more than 30,000 loans via the First Home scheme in 2015 if the government allocates a 2.5 billion lei (EUR557 million) cap as announced at the beginning of the y...
AFI Europe Romania Completes Third Office Building Of AFI Park Compound In EUR20M Investment
Real estate developer AFI Europe Romania has completed the third of the five office buildings to be constructed within the AFI Park compound in the vicinity of Bucharest-based shopping mall...
INS: Romania’s Construction Output Rises In November
Romania’s construction output surprisingly rose in November compared with the previous month, but it still stayed lower against the same period of last year, official data showed Tuesday.
Romanian Construction Sector Shrank 15% In 2014
The local construction market, one of the hardest hit during the crisis, further declined last year, by 10-15%, to 8.2-8.6 billion euros, according to data provided by the Romanian Associati...
Real Estate Developers In Romania Need Loans Of EUR250 Million To Continue Projects
Several real estate developers in Romania will seek to attract financing of around EUR300 million this year to take their mall or office projects further, with the biggest funds being needed...
Octagon 2014 Turnover Down 34% To EUR13M
Greek-held construction company Octagon reported a turnover of EUR13 million in 2014, down 34% on the year, due to reduced investments in the field, and targets to increase its turnover to E...
Colliers: Office Space Demand Is Double The Supply
The office space stock in Bucharest will increase this year by about 100,000 square meters like it did in 2014, while demand is double the supply, Andreea Paun, associate director with the o...
Office Space Transactions Up 9.9% In Bucharest And Main Romanian Cities In 2014
Office space transactions in the capital city, Bucharest, and in the main Romanian cities totaled 345,730 square meters in 2014, up 9.9% from 314,527 square meters a year earlier, according...