Real Estate
Heating Subsidy Cuts Should Drive Romanians To Thermal Rehab - Baumix
The Romanian thermal rehabilitation market should increase once heating subsidy is removed, but it is currently stagnating because of the constant amendments in legislation, construction mat...
Praktiker 1H Sales In Romania Fall 29% To EUR68.7M
German do-it-yourself retail chain Praktiker Wednesday reported first-half net sales of EUR68.7 million in Romania, down 28.8% on the year, hurt by weak demand.
Colliers’ Bogdan Georgescu Creates Business Incubator
Bogdan Georgescu, one of the most experienced real estate consultants, who ran the largest firm on the market - Colliers International – for almost 12 years, has changed focus from real esta...
Local Entrepreneurs Restart Investments In Office Buildings
A number of very low-profile Romanian businessmen, such as Dragos Dobrescu, Remus Capota and Radu Dimofte, have started once again to build office buildings in Bucharest, smaller buildings,...
Raiffeisen Plans To Grant EUR115m Worth Of First Home 4 Loans
Austrian-held Raiffeisen on Monday resumed sales of mortgage loans through the “First Home” scheme. It has a EUR115 million allotted cap for the scheme.
Realty Transactions Drop 87% In Second Quarter, To EUR23.5M
Real estate transactions unfolded in the second quarter of the year amounted to EUR23.5 million, down 87% from EUR213.94 million in the first quarter, in line with the trend seen in central...
Bucharest Owners Sell Plots For Up To EUR8,000 Per Sqm - Colliers
Bucharest plot owners sell at prices of up to EUR8,000 per sqm, while prices have nearly halved over the past three years, to 2004-2005 levels, according to realty advisors Colliers.
Popp, Impact: Had Banks Been Willing To Lend, They Would Have Eased Up Terms
Dan Ioan Popp, founder and main shareholder in real estate developer Impact Bucuresti (IMP.RO), said apartment sales are stalling and the market has not thawed up yet, with the reasons for t...
Number Of Hotels, B&Bs Up For Sale Down 70% In 2011, Price Tags Reach EUR15M
The number of hotels and bed and breakfasts put up for sale on the Romanian Black Sea coast and mountain areas declined 70% in the first half of the year compared to January, with prices var...