Real Estate
BCR Head: New Lending Rules To Drive Down Big Property Prices
Romanian central bank’s new regulations for consumer loans are poised to slow down mortgage lending, taking a bigger toll on local demand for big properties, the head of bank Banca Comercial...
Romania To Reorganize State Inspectorate For Construction, Set Up Regional Departments
Romanian authorities will reorganize the State Inspectorate for Construction (ISC) by closing county inspectorates and setting up eight regional departments for construction, according to an...
Real Estate Transactions Without Energy Certificate May Be Challenged In Court - Bill
Real estate transactions may be later challenged in court by the signatories or by third parties, if the property exchange or rental contract did not come with the building's energy efficien...
Apartment Prices Drop 2.4% In October, to EUR1,023 Per Sqm
The average asking price for apartments declined 2.4% on the month in October, according to data published Tuesday by realty ads website imobiliare.ro.
Tallest Office Tower In Bucharest Grows By One Floor Every Ten Days
The mild autumn has been really helpful to the developers and the builder of the tallest office tower in Bucharest, Sky Tower, close to the Aurel Vlaicu subway station in the northern part o...
Farming Land In Romania Worth EUR25B, One Fifth Of GDP
The more than 13 million hectares of farming land in Romania are worth over EUR25 billion, considering the average price per hectare is almost EUR2,000. The local farming land price is among...
Prefab January-September Sales Down 8% On Year To RON53M
Romanian construction materials maker Prefab (PREH.RO) Monday said its sales fell 8% on the year to 53.1 million lei (EUR12.6 million) in the first nine months, due to lower retail prices.
Former Owner Buys Back Bankrupt City Mall For EUR17.3 Million
Shopping center City Mall in southern Bucharest, which went bankrupt in November 2010, has found a buyer for EUR17.3 million.
Housing Permits Fall 11.5% On Month In September
Romanian housing permits fell 11.5% to 3,845 units in September, from 4,345 units a year earlier, the country’s statistics institute INS said in a statement Friday.