Real Estate
Oracle Starts Biggest Relocation Of The Year On Bucharest’s Office Space Market
Oracle has started relocation and consolidation of its local operations in the Floreasca Park complex in northern Bucharest, the biggest move on the office space market of Bucharest, ZF has...
Procter&Gamble Extends Lease, Gets More Office Space In Iride Business Park
Procter&Gamble has extended its leased office space to 6,000 square meters in Iride Business Park, held by Austria's Immofinanz, in northern Bucharest.
Survey: Bucharest Saw Highest Decline In Housing Prices In 2013
Timisoara (western Romania) is the only large city in Romania where the average housing prices increased in 2013, whereas capital city Bucharest saw the highest price decline last year, acco...
Highway Plan For 2014: Works Start For 400 Km, Just 60 Km Set For Delivery
The Romanian company in charge of roads and highways (CNADNR) plans to start in 2014 the building works for almost 400 km of new highways, with costs estimated at some EUR5.8 billion, accord...
Bucharest Office Market In 2014: South Is The New Trend
The three largest office projects to be delivered this year in Bucharest are built in the southern half of the city, which developers have shunned so far in favor of the central and northern...
INS: Housing Permits Down 11.8% On Month To 2,875 In November
Romanian housing permits fell 11.8% to 2,875 units in November from 3,258 units a month earlier, the country’s statistics institute INS said Monday.
Government-Sponsored “First Home” Program Boosted Housing Sales In 2013
New housing sales this year in Romania were mainly driven by the government-backed “First Home” mortgage lending program and developers are counting on the program to continue in 2014.
2013 In Review: Ten Most Important Events In Construction Sector
The year 2013 witnessed insolvencies, several deals and the opening of new construction materials plants and malls.
CBRE: Industrial And Logistics Space Deals More Than Doubled In 2013
Total rentals on the Romanian industrial market reached 150,000-170,000 square meters in 2013, more than double compared to 2012, and companies in the manufacturing industry were the most ac...