Real Estate
Radu Georgescu Sells His Land “Division” In Bucharest
Businessman Radu Georgescu, who has sold several IT businesses in the past decade, has now parted with real estate company Metropolitan Developments, which owns several plots in central Buch...
Authorities May Fine Uninsured Homeowners Only After August 2012
Romanian local authorities will be able to fine people without mandatory home insurance only starting with August 2012, according to Law 260/2008 as amended and republished, although the Int...
Bucharest House Prices Overtake Belize, Antalya In Coldwell Banker Chart
House listing prices in Romanian cities Brasov and Bucharest overtook those in locations such as Antalya, Dominican Republic and Belize, in a Coldwell Banker analysis comparing similar house...
Bucharest Ranked 51st Of 62 Cities By Parking Rates In EMEA Region
Bucharest is 51st in a ranking of 62 cities in the Europe-Middle East-Africa region (EMEA) by parking rates, according to a survey by real estate services company Colliers International.
Town Halls To Sell Mandatory Home Insurance Policies
Romanian insurer PAID will collaborate with local authorities to sell mandatory home insurance policies, its estimates showing that 60% of the houses in the country, around five million, are...
DTZ: Low Office Space Deliveries In Bucharest May Predict Higher Rents
Developers delivered ten times less office space in Bucharest in the first half of this year, compared to the same period of 2010, namely 12,950 square meters, which could mean rents would g...
Plots Worth A Total EUR6.8B For Sale In, Around Bucharest
Plots sold in the metropolitan area of Bucharest cost a total EUR6.8 billion and they cumulate a surface of 6,600 hectares, according to a survey by realty developer Impact Developer & Contr...
Radu Dimofte Builds Offices On Aviatorilor Blvd
Businessman Radu Dimofte, known as an old business partner of billionaire Gabriel Popoviciu, has recently started the construction of a five-story office building on Aviatorilor Boulevard in...
Home Prices Down 12% On Year In 1Q - INS
Romanian home prices dropped 12% in the first quarter of the year, compared to the same interval of 2010, according to the national statistics office INS data.