Real Estate
INS: Housing Permits Rise 40% On Month In May
Romanian housing permits rose 39.7% to 4,321 units in May, from 3,083 units a month earlier, the country’s statistics institute INS said Thursday.
Mohammad Murad To Begin Work On EUR8M Seaside Hotel
Lebanese businessman Mohammad Murad, the chairman of the Perla Majestic group operating in the Romanian tourism industry, will begin construction of a new hotel in the seaside resort of Navo...
Portland Trust Starts EUR70M Office Project In Bucharest
Realty company Portland Trust, one of the major office developers in Romania, will invest around EUR70 million in Bucharest-based Floreasca Park project.
Derelict Old Town Building Gets EUR12m Makeover Into Luxury Hotel
Lithuanian-held developer Europa Group has completed a EUR12 million investment in Europa Royale, a luxury hotel in the Unirii area of Bucharest (center of the city).
Anchor Grup Has New Marketing, Leasing Managers
Real estate developer Anchor Grup appointed two new marketing and leasing managers, the company said Tuesday.
Number Of Homes Completed In Romania During Crisis Fell Less Than In Hungary, Bulgaria – Report
The number of homes completed in Romania last year was 34% lower compared to the peak year, 2008, the fourth-largest drop among the six states evaluated in a report by Polish research compan...
Apartment Prices In Romania Dropped Up To 4.5% In Jan-June
Apartment prices in six of Romania’s largest cities dropped by up to 4.5% in the first six months of the year, and the decline was sharper on the new flat segment, which fell up to 6.7%, acc...
Hornbach Invested Almost EUR150M In Romania In Five Years On The Market
German DIY retail chain Hornbach has invested EUR148.3 million in Romania in its five years on this market, directing the funds toward the five stores, employee training and the construction...
Enache, Continental Hotels: I Can’t Start Building Without Predictability
The leu's depreciation, the local elections and European crisis have caused stagnation of revenue for the Continental Hotels chain in the first half of 2012, says majority shareholder Radu E...