Real Estate
Bucharest Baneasa Airport Included In Highest Seismic Risk Class
The buildings on Bucharest’s Aurel Vlaicu (Baneasa) airport, except the modernized building of the airport’s General Aviation Terminal, were included in the highest seismic risk class 1 and...
Closure Of Baneasa Airport Reveals EUR1B Real Estate Treasure
As of March 25, all 70 flights operated from the Baneasa Airport will move to the Otopeni Airport. What will happen to the 200 hectares of airport land worth one billion euros?
Bucharest Drags Housing Market Down, But Prices Dip A Mere 0.5%
The number of houses built last year on the local market fell by 9%, to 44,456 units, with the Bucharest-Ilfov area recording the biggest decline, of 23%.
EU-Funding Unlikely For Thermal Rehabilitation – Minister
Romanian development minister Cristian Petrescu on Friday said there is little chance for the thermal rehabilitation of buildings to receive EU funding, which means the ministry will have to...
INS: Housing Construction Falls 7.8% In 4Q/2011
Romanian housing construction fell 7.8% to 15,372 units in the fourth quarter of 2011 from the year-earlier period, due to declining activity in both urban and rural areas, the country’s sta...
Volksbank Could Take Over Armonia Mall In Deal To Write Off Debts
Volksbank Romania, the local unit of Austria’s Volksbank AG, could take over the shopping center Armonia Braila, where it was the major creditor, according to liquidator Casa de Insolventa T...
Romanian Insurer PAID's Portfolio Expected To Halve To 300,000 Policies By June 2012
The Romanian Pool of Insurance Against Natural Disasters (PAID) estimates it will administer around 300,000 mandatory home insurance policies by the middle of this year, down by half compare...
Felinvest Resumes Project In NW Romania, With EUR7M Initial Investment
Romanian realty developer Felinvest (FEL.RO) on Tuesday announced it has resumed construction on a real estate project in northwestern city Cluj, with an investment of EUR7 million.
Insolvencies Take Their Toll On 4,000 Apartments In Bucharest
The 12 largest residential compounds in and around Bucharest that went insolvent or bankrupt in the past three years consist of tens of buildings with over 4,000 homes, some finalized, other...