Real Estate
Storia: Brasov Saw Highest Rise In Old Apartment Prices, 21% YoY, In April 2024
Prices for old apartments in Brasov rose fast in April by 21% year-on-year to an average of EUR1,930/ square meter, while the average asking price for new apartments reached EUR2,053/ square...
C&W Echinox: Bucharest Office Market Expanded Further in Q1/2024
Bucharest office market continued to grow in the first quarter of this year in terms of demand both as regards traded volumes, as well as the average deal level, amid an extremely limited su...
Hagag Development Buys Obor Est Residence Housing Project
Real estate developer Hagag Development Europe, controlled by businessman Yitzhak Hagag, has acquired housing project Obor Est Residence, located in eastern Bucharest, on the platform of for...
Cushman & Wakefield: Production Companies, Most Dynamic on Industrial Space Leasing Market in Q1
Companies in the first three months of 2023 leased around 200,000 square meters of logistic and industrial spaces, with demand mainly coming from production firms, FMCG and logistic operator...
Budapest-Based Indotek Group Invests EUR16M To Renovate Plaza M of Targu Mures
Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center of Targu Mures, previously known as Promena...
Imobiliare.ro: Supply Shrank 7%, Demand Rose 3% In Romania In Q1
Supply on the real estate market in Romania continued to shrink in the first quarter of 2024, increasing only in Brasov of all regional centers, imobiliare.ro data show.
Prima Development Group Buys 6-Ha Land Plot from Immofinanz in Northern Bucharest to Build over 2,000 Apartments
Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe Ionescu Sisesti, part of the portfolio of Aus...
Colliers: Number of Housing Units Sold in Bucharest Up 18% in Q1, Demand Rises 19% Nationwide
The number of housing units sold in Bucharest in the first quarter of the year rose by 18% from the year-earlier period, while nationwide demand went up by 19%, according to real estate cons...
STC Partners Starts Phase II of Quartier Azuga
Real estate developer STC Partners is starting the development of phase II of housing compound Quartier Azuga, located to Tei area of Bucharest, with an over EUR15 million investment.