Real Estate
Bucharest Compound Cortina Residence Auctioned Off For EUR9.2M
Bucharest-based real estate compound Cortina Residence, under bankruptcy, will be auctioned off by its liquidator October 10, at a starting price of EUR9.2 million.
New Insurers Want To Join Mandatory Private Insurance Providers PAID
Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structu...
Czech PPF Bank Finances Construction Of Office Tower In Bucharest
Czech PPF Bank lent EUR39 million to Czech-based S Group Holding to develop an office tower in Romania's capital city, Bucharest.
Prices Of Romanian Foreclosed Homes Fell 50% Due To Lack Of Buyers
Romanian banks and legal executors have adopted a more aggressive sale strategy in September and in some cases reduced the prices of foreclosed homes by up to 50%.
Deputy FinMin: Romania May Hike Taxes On Multiple Homes, Apply Taxes On Swimming Pools
The Romanian Finance Ministry plans to increase taxes paid by owners of two or more buildings and limit exceptions regarding taxes on property, income and profit, secretary of state Liviu Vo...
Bucharest Office Offer Increased, Few Projects Catch Investors’ Eye
Shortening the duration of rental contracts from five to three years rendered Bucharest office spaces less attractive to investors, according to real estate consultancy firm Colliers.
Over 40,000 Homes Put Up For Sale At Realty Fair In Bucharest
Over 40,000 new and old homes in Bucharest and in the city’s suburbs will be put up for sale at a real estate fair organized between September 14 and 16 in the capital.
Czech Group Develops Office Tower Project In Bucharest
Czech-based S Group Holding has started the construction of an office tower with a lettable area of 27,000 square meters in capital Bucharest.
Dedeman Opens Its 30th Store Friday In Bistrita
Romanian do-it-yourself retailer Dedeman, the leader of the local DIY market, said Tuesday it will open its 30th store Friday in Bistrita, northern Romania, following a EUR10 million investm...