Real Estate
Romanian Realty Transactions Up 26%, Mortgage Deals Down 10% In 1Q/2013
The number of real estate transactions in Romania rose 26% to 187.712 on the year in the first quarter of 2013, but the number of mortgage deals registered at Romania's National Cadastre Age...
Xella Ro Sales Up 27% On Year To EUR9M In 2012
German construction material maker Xella registered sales of about EUR9 million in Romania in 2012, up 27% on the year, Xella Ro representatives said Wednesday.
Bucharest Real Estate Developers Raise Prices As New Housing Stock Shrinks
Real estate developers have raised prices of new apartments in several residential compounds, on the backdrop of a declining housing stock and low competition in certain areas in capital cit...
Suceava Authorities To Sell 5-Ha Land For Power Plant Construction
Local authorities in Suceava, northeastern Romania, will sell a five-hectare plot of land, for EUR315,000, to industrial engineering company Adrem Invest which previously leased it in view o...
Ponta Asks Lawmakers For Confidence Vote On Property Restitution Bill
Romanian Prime Minister Victor Ponta is presenting lawmakers with the government’s new property restitution bill, seeking a confidence vote for it to be adopted bypassing lengthy parliamenta...
Ponta Assures Property Restitution Bill Won’t Affect Tenants Who Bought Nationalized Homes
Romania’s new property restitution law will not affect previous tenants of formerly nationalized homes who bought them under a law passed in 1995, Prime Minister Victor Ponta said Wednesday.
Industrial Space Transactions In Romania Total 83,000 Sqm In 1Q, 60% Of Rentals In 2012
Total rentals on the Romanian industrial market reached 83,000 square meters in the first quarter of the year, 60% of total transactions in 2012, according to real estate consulting firm CBR...
Romanian Businessman: Office Space Shortage In Cluj Keeps Investors Away
Office space demand in Cluj-Napoca, northwestern Romania, exceeds the offer, which caused many investors to renounce expansion plans in the city, Romanian businessman Ovidiu Sandor said Tues...
South African NEPI To Invest EUR500M In Romania By 2016
South-African investment fund New Europe Property Investment (NEP.RO) will expand to Serbia, Hungary, Slovenia, and Bulgaria, but Romania remains its primary market in the region and investm...