In the northern part of Bucharest, 70% of customers are looking for 3 and 4-bedroom apartments or houses with one floor in the Pipera and Tunari areas.
Both Romanians and foreigners want to buy houses in the capital, big cities or in cities with landscapes such as Brașov, either to rent them or to settle.
CBRE Romania and real estate investor-developer Hagag Development Europe sign an exclusive agreement, to put Romania on the map of luxury shopping destinations.
Quartier Azuga is renowned for its commitment to sustainability, featuring Green Homes pre-certification and compliance with the nZEB standard.
The residential market started 2024 on a strong note, with an 18% increase in residential transactions in Bucharest in the first quarter compared to the same period last year.
Now in its fourth year, the Office life experience survey was conducted in the Equilibrium 1 building in May 2024, with a response rate of 70%.
This business hub is in a blooming residential area with a focus on connectivity due to the subway and the future metro line developments.
Linia Projects space is dedicated to furniture production and interior design, covering 6,000 square meters of production area.
Speedwell's developments pay particular attention to quality of life, both in terms of comfort and sustainable living.
The construction of the Bellemonde project is scheduled to begin in June and will benefit from a total investment of over €40 million.
This strategic move is in response to the increasing demand for fulfillment and logistics services driven by the rapid growth of e-commerce in Romania.
Very few projects in Bucharest are expected to be delivered in the next two years: only 15,500 sqm in 2024 and 8,000 sqm in 2025.
According to the data provided by the National Agency for Cadastre and Real Estate Advertising (ANCPI), 3,376 real estate units were sold in May 2024.
The unit in Pitesti is due to open in autumn when the delivery of the new project by Square 7 Properties is scheduled.
Budget-centered design reflects a growing trend among companies interested in superior solutions that support the modern office setup and employee activity.
At the end of March 2024, in the three countries the PORR group had a portfolio of contracts with a total value of €837 million, 5.5% below the level registered in March 2023.
At the end of March the portfolio of contracts and orders of the company is stabilized at €24.6 billion, while the number of employees increased by 2%, to 75,482 people.
The transaction was signed in March 2024 with closing having occurred in May 2024.
Among Millennials and Gen X employees, percentages are 56% and 52% respectively, according to a survey of 1,247 respondents nationwide by Genesis Property.
Only one scheme (5,000 sqm GLA) was delivered during Q1, namely Cometex Hunedoara, this being the lowest recorded quarterly new supply since Q1 2017.
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania
The hybrid working system has remained in practice in many companies even after the end of the pandemic, but the number of employees returning to the office is growing.
The new lease agreement followed an efficient real estate process led by CBRE Romania and spans a term of 10 years, covering a surface area of 700 square meters.
Alina Vladulescu and Catalina Toma are partnering and launching WIN Advisors, a regional hub for hotel consulting and management.
Romania posted in November in the highest inflation rate in the European Union, according to statistical office Eurostat.
Romanian construction company Bog'Art has published its 2024 Sustainability Report, marking the second year the company voluntarily reports on its environmental, social and governance performance. The report demonstrates the company's commitment to transparency and sustainable development in Romania's construction industry.
Fitch Ratings has affirmed its Long-Term Issuer Default Rating of BBB- with a negative outlook for Romanian state-owned nuclear power company Nuclearelectrica.
Romania's Ministry of Finance attracted almost RON 1.5 billion (€293 million) through its 11th Fidelis government bond offering of 2025, which began trading on the Bucharest Stock Exchange.
Ebury, the global fintech specialising in international payments and FX risk management, has appointed Cosmin Bucur as its new Country Manager for Romania.