Real Estate
Bucharest Retail Property Market Seen As “Hot” In “Fair Value” Index- DTZ
Realty investors find the Bucharest retail segment one of the most attractive in Europe, as compressed yields and higher rents bring substantial capital increase in the medium term, accordin...
Romania Housing Permits Up 9% YY In July, To 3,884
Romania issued 3,884 buildings permits for residential projects in July, up 6.7% on the month and up 9% on the year, the statistics institute INS said Monday.
State-Built Home Rent Capped At One Third Of Average Net Wage - Draft
The rent paid for social homes the Romanian state will build in public-private partnership in the next years will cover administrative costs, the property tax and home insurance, and will no...
Industrial Space Rentals Reach Highest Level Since 2007 - CBRE
Industrial space rental volumes reached 164,700 sqm in the first half of the year in Romania, the highest level since 2007, with Bucharest being the most attractive city for investors, accor...
Mortgage No Longer Required For Building Consolidation Projects
Romania's Government has eliminated the requirement of securing a mortgage on a building consolidated to withstand earthquakes, which the state used to ensure that owners will refund the cos...
Turbomecanica Puts Properties On Sale For RON50M Minimum
Romanian plane parts maker Turbomecanica Bucuresti (TBM.RO) on Wednesday said it plans to sell buildings and plots in Bucharest District 6, for a 50 million lei (EUR11.7 million) minimum, wi...
Government Approves Construction Of New Multipurpose Sports Center For RON260M
The Romanian Government approved the construction of a multipurpose sports center in capital Bucharest by 2013, which will seat 16,000 people and cost 260 million lei (about EUR60 million).
Comnord Sees Turnover Dive From EUR78M In 2007 To Less Than EUR1M In 1H 2011
Comnord Bucuresti (COCS.RO), a company controlled by businessman Sorin Creteanu, which used to be one of Romania’s largest builders and the most valuable company on RASDAQ market before the...
Danya Cebus Rom To Build First Phase Of AFI Business Park, For EUR6.2M
The Romanian construction firm of Africa Israel Investments, Danya Cebus Rom, will build the first of five office buildings planned by AFI Europe near Bucharest mall AFI Palace Cotroceni, wi...