Real Estate
Apartment Prices Down To New Low In Bucharest
The average three-room apartment prices in Bucharest fell by 0.3% to EUR76,950 in July, the new low of the last few years, but the serious depreciation of the leu makes them more expensive b...
AFI Palace Cotroceni Head Says Mall Still Far From Reaching Peak Traffic And Revenue Potential
The sales of stores in shopping center AFI Palace Cotroceni in Bucharest, owned by AFI Europe, rose by 9% in the first half to EUR91 million. Calculated in lei, the sales of the mall went up...
Romanian Retail Market Seen Up In July-September
Romanian companies expect retail activity will pick up in July through September after posting a moderate growth in the previous three months, the statistics institute INS said in a survey M...
INS: Housing Permits Down 9% On Month In June
Romanian housing permits fell 9.1% to 3,927 units in June, from 4,321 units a month earlier, the country’s statistics institute INS said Monday.
CBRE: Some Companies Offered As Little As EUR5/Sqm For Office Space
It is still a renter’s market out there, office landlords learn when negotiating with companies seeking space to rent, which are now offering as little as EUR5/sqm a month. This is the usual...
Romania’s Political Turmoil Chases Retail Investors Away - CBRE
Romanian retail market will be quiet until the end of summer as investors are reluctant mainly due to the exchange rate fluctuations amid political tensions, Luiza Moraru, head of the retail...
Most Vacation Homes In Romania Priced At Over EUR100,000, Highest Price EUR2.9M
Asking prices of most vacation homes put up for sale in Romania exceed EUR100,000, and the highest price is EUR2.9 million for a villa in Domnesti, near capital Bucharest.
Symmetrica Invests EUR2M In 5th Factory N Romania
Romania’s Symmetrica will invest EUR2 million in the construction of a new factory in the northern town of Bistrita-Nasaud, the fith production unit on the local market.
Sika Romania Posts 20% Rise In 1H Turnover, Sees 10% Annual Increase In Next 3 Years
Building materials producer Sika Romania, the local subsidiary of Swiss group Sika, posted an increase of nearly 20% in turnover in the first half of 2012 and estimates a 10% annual increase...