Real Estate
Romania's Real Estate Market Set Records In 2012
The year 2012 did not bring the rebound awaited over the past four years on the Romanian real estate market, but it did set a few records that will be hard to break in upcoming years, consid...
Realty Projects Of EUR300M To Be Developed With Investors’ Money, On Lack Of Financing
The lack of financing will remain the main challenge on the real estate market in 2013 and the bulk of realty projects worth over EUR300 million will be developed exclusively from investors’...
Office Space Demand By Mid-Cap Companies In Romania Up Over 50% In 2012- Survey
The quarterly average demand for office space by medium-sized companies in Romania rose over 50% in 2012, a trend likely to be kept in 2013 if there is political and economic stability, acco...
INS: Romania Housing Permits Down 21.3% On Month In November
Romanian housing permits fell 21.3% to 2.758 units in November, from 3,320 units a month earlier, the country’s statistics institute INS said Friday.
C&W: Bucharest Office Vacancy Seen Among Lowest In CEE By 2014
The office vacancy rate in Romania's capital city Bucharest will decrease by almost five percentage points by 2014, to 9.8%, considering the surface of newly completed buildings will be halv...
Holiday Overcrowding Still Occurs Despite Bucharest’s Numerous Stores
Although one quarter of the almost 1,000 modern food retail units are located in Romania’s capital city Bucharest, in the winter holiday period long lines form in most supermarkets. On avera...
Larger Romanian Companies Went Insolvent In 2012
Mic.ro, Hidroelectrica, Tnuva, a few real estate developers and 15,000 other businesses were unable to pay their debts this year and were forced to file for insolvency and part of them went...
Impact's Shareholders Reject Share Capital Cut, Bond Issue
The shareholders of Romanian real estate developer Impact Developer&Contractor (IMP.RO) on Friday rejected a proposition to reduce the company’s share capital to 19.78 million lei (EUR4.4 mi...
Old Apartment Prices In Bucharest Fell 3% In 2012
Old apartment prices in Bucharest fell by about 3% this year, according to real estate portal imopedia.ro.