Real Estate
AFI Europe 1Q Romania Rental Revenue Down 8%, To EUR5.7M
Israeli real estate developer AFI Europe collected EUR5.7 million in the first quarter from renting the AFI Palace Cotroceni mall in Bucharest, 8% less than EUR6.2 million in the same period...
If Necessary, BNR Could Use Greek Banks' Properties As Loan Guarantees
The Romanian central bank, or BNR, has tools to intervene if crisis scenarios prompted by the situation in Greece become a reality on the Romanian banking market, starting from the bilateral...
Austrian Investors Still Bet On Bucharest Real Estate
The Austrian investors in Romanian real estate sector, which were the most dynamic buyers of local properties over the past ten years, are rather looking to consolidate their current portfol...
Romania Paid Bonuses Worth RON9M For 2010 Housing Savings
Romanian housing bank clients received 9 million lei (EUR2.17 million) from the state this week, as the first tranche of bonuses provided by the authorities for last year's savings, accordin...
Development Ministry Wants To Use EU Funds For Thermal Rehabilitation Projects
The Romanian Tourism and Regional Development Ministry will hold talks with the European Commission proposing that projects regarding the thermal rehabilitation of buildings be financed with...
EGI Romania To Provide EUR120M Financing For Realty Projects In 2011
Erste Group Immorent (EGI) Romania, unit of Austria’s group Erste, is negotiating total financing of EUR120 million for real estate projects this year, well above the EUR22 million financing...
ZF Seminar: Housing Market Won't Thaw Without New Buyers
The housing market is still frozen since potential buyers have restricted financial resources, although prices and construction costs have fallen over the past years.
Unirea Shopping Center 1Q Net Profit Halves To RON3M
Romania’s Unirea Shopping Center (SCDM.RO) Tuesday said its net profit more than halved to 3 million lei (EUR0.7 million) in the first quarter, on lower sales.
Construction Price Of A Ten-story Building Goes Up To EUR800/Sqm
The average "hard costs" (labor and material costs) of a building with an underground level and ten upper floors currently amount to around EUR450 to 550 per square meter, on top of which co...