Real Estate
Liquidator Starts Direct Negotiations For Bucharest City Mall Sale
The creditors of bankrupt Bucharest shopping center City Mall approved the start of direct negotiations for the mall’s sale, evaluated at some EUR21 million, Thursday said the unit’s liquida...
New Apartment Asking Price Drops Below EUR1,000/Sqm
The stock of new homes available in Bucharest has started dwindling as a result of the low number of apartments delivered in the past two years and the falling prices. In seven out of nine B...
CBRE: Romania 1H Retail Space Deliveries Fall To 8-Year Low
Romanian property investors delivered 37,000 square meters of retail area in the first half of the year, the lowest level since 2003, a report from CB Richard Ellis (CBRE) showed Wednesday.
Bucharest Apartment Prices Stay Frozen In First Summer Month
The average price of old three-room apartments in Bucharest dropped by 1% month-on-month in June, from EUR81,400 to EUR80,600, according to the real estate index drawn up by ZF together with...
Constructors Are Hiring Again
Builders have resumed hiring for the projects won at the start of the year, after more than 100,000 people have left the industry over the past two or three years. Analysts believe the third...
Tanasoiu Family Set To Build Adora Mall Of Craiova
ACMS, a construction company owned by businessmen Daniel Tanasoiu, Emil Tanasoiu and Valentin Bitoiu, won the contract for the building of Adora mall in Craiova, an investment estimated at E...
Bucharest Industrial Space Vacancy Rate Narrows In First Half - Colliers
Industrial space rentals in Bucharest cumulated 48,100 square meters in the first year-half, similar to the figure in the same period of 2010, but the vacancy rate reached an 18-month low be...
Sales Of AFI Cotroceni Mall Stores Up 25% In 1H
Sales of stores operating in AFI Palace Cotroceni Bucharest mall, the EUR300 million project owned by Israeli billionaire Lev Leviev, rose by 25% in the first half of this year, to some EUR1...
Swiss Franc Might Climb To RON3.9
Those who now regret that they took out a loan in Swiss francs, as the franc is now 75% stronger against the leu compared with 2007-2008, at around RON3.7, should prepare for worse. Foreign...