Real estate | 25 April, 2024 at 6:34 PM
Number of residential properties sold in Bucharest inQ1 2024, up 18%
In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%.
In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%.
Developer STC Partners starts phase II of the residential compound Quartier Azuga, located near the Tei area in Bucharest, an investment of €15 million.
By the end of 2024 the stock of modern retail spaces will overpass 4.5 million. square meters setting a new record for Romania.
Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries.
Expert reports estimate 49% growth for emerging DataCenter markets in Europe, which includes Romania.
Outside Bucharest, companies leased less than a fifth of the total traded area in Bucharest.
The areas located in the northern parts of the city will continue to attract the most residential developments, with almost 40% of new housing supply located here.
Over 70% of the study participants anticipate an increase in the number of completed transactions in Romania by investment funds, after 20 were completed in 2023 transactions.
Garanti BBVA Romania recorded a net profit of RON 177 million in 2023 and operating revenues of RON 521 million.
Capital ratio climbed to 23,36% underscoring the institution's financial strength, providing a solid foundation for future growth and stability.
Systematic will provide the SitaWare Headquarters software suite that will be used by NATO Command Structure, reinforcing the Alliance's operational capabilities.
Rompetrol initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance and modernization.