Real Estate
Vacation Home Prices In Romania Dropped By 52% Since 2008 – Survey
Prices of vacation homes in Romania have dropped by as much as 52% since the beginning of 2008, at a similar rate as the entire property market, according to a survey of Romanian property we...
Almost 6 Million Homeowners Risk Fines Unless They Insure Homes By July 15
Romanians who have not insured their homes by now have until July 15 to buy a home insurance policy or may be fined 100 lei (about EUR24) to RON500 lei.
Immofinanz Gives A Behind-The-Scenes Look Into The Adama Deal
Buying a company that holds plots for the construction of 10,000 apartments in Romania does not seem the best decision when the market is still frozen. However, when the price paid is a quar...
Asmita Towers: Loan From Alpha In “Default”, Strabag Has Yet To Resume Works
Bucharest’s Asmita Gardens housing project, made up of seven towers with 758 apartments, is still frozen as the general entrepreneur, Strabag, has not resumed utility testing procedures for...
Liquidators To Sell Bucharest City Mall Through Direct Negotiation
Bankrupt Bucharest shopping center City Mall failed to draw bidders in the fifth auction, set for June 30, thus the liquidator, Casa de Insolventa Transilvania, will sell the unit through di...
Real Estate Developer Oasis Gets EUR7M Loan From Unicredit
Real estate developer Oasis, controlled by two Sibiu businessmen, has secured EUR7 million worth of funding to develop several projects.
Lars Lund, kika: We Have Plots For Stores In Cluj And Timisoara, Still Negotiating In Bucharest
Austrian furniture and interior decorations retailer kika, which has a 23,000 square-meter store in western Bucharest, has plots in Cluj and in Timisoara where it is set to build stores afte...
Housing Permits Down 6.7% YY In May, To 4,236 - INS
Issued 4,236 buildings permits for residential projects in May, up 34.7% on the month and up 6.7% on the year, the statistics institute INS said Tuesday.
American Cultural Center Leaves Central Bucharest Building, Moves To Baneasa
The American Cultural Center will leave its villa on Dumbrava Rosie Street in central Bucharest this September, where it has been operating in the last six years, to move to Baneasa. It will...