Real Estate
Commercial Rents In Bucharest Among The Lowest In EMEA
The average office space rent in Bucharest decreased by 5.13% last year, while industrial and retail space rents remained unchanged, which makes Bucharest one of the cheapest cities in Europ...
Government To Make Sure City Halls With Arrears Will Raise Local Taxes By 16%
Romania’s Government will make sure city halls that register arrears will increase local taxes by 16% to avoid amassing new debts, reads the country’s latest letter of intent to a loan agree...
Belgian Businessman Teams Up With Casuneanu To Build Office Tower
According to information emerged on the real estate market early this year, a new project of a 17-floor office tower will be built close to Bucharest’s Unirii Square.
Property Taxes To Grow For Commercial Spaces
The Romanian Government had pledged to the International Monetary Fund to change the calculation method of tax on property by July, which will be set based on the destination and not as diff...
Romania Issued 4% Fewer Housing Permits In 2012
Romanian housing permits fell 4% on the year to 37,863 units in 2012, the country’s statistics institute said Monday.
Firms Not At Fault For Delayed Works No Longer Allowed To Claim Damages – Draft
Firms in Romania executing public works and delaying the project without their fault will be entitled to ask for price adjustment, only within a certain limit, but will no longer be allowed...
THR Marea Neagra Wants To Sell Five Seacoast Hotels To Upgrade Remaining Units
Romanian company THR Marea Neagra (EFO.RO) has put up for sale five hotels and several other assets on the Black Sea seacoast, and will use the money obtained to upgrade its other hotels, Li...
GTC Cancels Sale Of Three Shopping Centers In Romania
Israeli-owned real estate developer Globe Trade Center (GTC) and a prospective buyer of three shopping centers in Romania have decided to cancel the transaction.
DTZ Echinox To Provide Property Management Services For Felicia, Uvertura Shopping Malls
Realty consulting company DTZ Echinox will provide property management services for Iasi-based shopping center Felicia and Botosani-based shopping mall Uvertura, reaching a portfolio of 150,...