Real Estate
Obi Romania Drops Expansion Plans For 2011
DIY retailer Obi Romania, owned by German group Tengelmann, will not go through with its plans to open new stores in 2011, because of the economic crisis and a failure to agree with real est...
Private Hospitals On The Rise. What It Takes To Build Them
The fever of private hospital openings which has gripped Romanian investors in the last few years peaked in the first half of 2011, when projects worth a total of over EUR100 million were in...
Government To Eliminate Subsidy For Residential Construction Through Mortgage Loans
Romania's Government will no longer provide subsidies for home construction through mortgage loans, arguing that the price of materials has dropped during the crisis and that budget revenue...
Romanian Apartment Prices Rise 1.6% In September, To EUR1,048 Per Sqm
The average asking price for apartments in Romania rose 1.6% on the month in September, but it still is 5.1% lower on the year, real estate website www.imobiliare.ro said Monday.
Bucharest Apartment Rents Down 5% On Year In September
Apartment rents in Bucharest have remained constant in September compared to August, but they were down 5% frm the same month of 2010, according to a survey by website anunturiparticulari.ro...
Three Upcoming Projects To Relieve Traffic In Bucharest
The face of Bucharest should be changed every year. After the Basarab Overpass, the most important and expensive urban infrastructure project of the last twenty years inaugurated at the begi...
Hypermarket Construction Sites Reemerge In Bucharest
Hypermarket networks are resuming expansion in Bucharest as well, with Carrefour, Cora and Kaufland having units under construction in Chitila, Rahova and Vitan districts. There were no new...
Baumax Disappointed With Performance Of Bucharest Stores
Austrian DIY network BauMax, with EUR132 million in sales last year, is currently building its second store in Cluj and is set to start work on a store in Oradea by yearend, after the stores...
Raiffeisen Bank Romania Renegotiated Rents, Shaved 20%-30% Of 2008 Level
Lender Raiffeisen Bank has renegotiated the rents it pays in Romania, obtaining a 20%-30% reduction from 2008 levels, Thursday said Vladimir Kalinov, Vice-president Retail Division.