Real Estate
Bucharest Apartments Still Cost Twice As Much As Ten Years Ago
The prices of old three-room apartments in Bucharest are almost twice higher than ten years ago, in early 2004. Owners have lowered the asking prices by about 50% in the last five years, rev...
Seven Most Active Realty Investors In Romania Closed Deals Worth EUR2.4B Since 2004
Immofinanz, NEPI, CA Immo, RREEF, IGD, Argo Real Estate and Globalworth have been the most active real estate investors in Romania over the past ten years with transactions worth EUR2.4 bill...
INS: Romania Housing Permits Down 2.3% On Month To 3,746 In September
Romanian housing permits fell 2.3% to 3,746 units in September, from 3,833 units a month earlier, the country’s statistics institute INS said Monday.
Max Boegl Romania CEO Steps Down
Romeo Botocan resigned from the position of Chief Executive Officer (CEO) of the Romanian subsidiary of German constructor Max Boegl in July this year.
Holcim Romania Announces New Additions To Its Management Team
Holcim Romania, a unit of Swiss-based building materials maker Holcim, has added three new professionals to its management team, the company said in a statement Thursday.
Decathlon To Open Stores In Sibiu And Suceava
Decathlon, the largest sporting goods retailer in Europe, will open stores in retail centers Shopping City Sibiu and Shopping City Suceava, both held by British investment fund Argo Real Est...
DTZ: Romania Attracts Just 0.5% Of Available Capital For Property Investments In Europe
Capital available for investments in commercial property in 2014 in Europe amounts to $120 billion, 6% higher than estimated six months ago, and Romania manages to attract just nearly 0.5% o...
JLL: A Quarter Of Shopping Centers In Romania Need Upgrading
One of the reasons why some shopping centers in Romania are facing difficulties is that they failed to keep pace with changes on the retail market and did not invest in modernization, Carmen...
Firms Spend Up To EUR6,500 On Renting Expat Property
Companies’ budgets for renting property for expatriate workers in Romania range between EUR1,500 and EUR6,500, according to housing agency Palace Estate.