Real Estate
Immofinanz To Open EUR100M Maritimo Shopping Center In Constanta
Austrian property developer Immofinanz Thursday announced the opening of the Maritimo shopping center in Romanian southeastern city of Constanta, following an investment of over EUR100 milli...
Militari Apartments More Expensive After Opening Of Basarab Overpass
Owners of three-room apartments in Bucharest’s Militari district increased asking prices by EUR5,000 as early as the first full month of functioning of the Basarab overpass.
Cora Earmarks EUR30-40 Mln For Land Acquisitions
Cora, one of the most aggressive retailers in the last few years on the Romanian market, plans to open a small mall in Bucharest, which will also host a Cora hypermarket.
More Than Half Of Romanians Prefer Building Their Own House - Poll
Over 50% of Romanians would prefer to build a house from scratch against buying it ready-made, according to a survey of Wienerberger, the largest by brick maker in Romania.
Cora Opens Hypermarket In City Park Constanta, With EUR4.5M Investment
Retailer Cora launched Thursday a new hypermarket in southeastern Romanian city Constanta, in the City Park mall, following an investment of EUR4.5 million.
INS: Housing Permits Down 8.5% YY In June, To 4,161
Romanian authorities issued 4,161 buildings permits for residential projects in June, down 1.8% on the month and 8.5% fewer on the year, the statistics institute INS said Thursday.
Banks Have 2,000 Properties For Sale And Start To Cut Asking Prices
Almost 2,200 homes and plots of land, as well as retail space and factories, are currently for sale on the websites of the largest local banks. The number of ads is more than double compared...
Construction Market Suffers As Romanians Working Abroad No Longer Vacation Home
Romanians working abroad return home for their vacation increasingly seldom and, as opposed to previous years, they invest less in new homes and renovations, say the mayors of Romanian commu...
AFI Europe To Break Ground On Ploiesti Mall In Fall
Real estate developer AFI Europe on Wednesday said it will start in fall the construction of a EUR35 million mall, in southern Romanian city Ploiesti, set for completion in 2012.