Tag: residential (123 articles)

Real estate   |   30 October, 2025 at 1:32 PM

Romania leads Europe in construction with 8% GDP share

Romania's construction sector represents nearly 8% of GDP in the past four quarters, the highest share in the European Union, according to Eurostat data analysed by Colliers. This level significantly exceeds the EU-27 average of 5% and confirms construction's growing importance in the local economy. Romania also recorded the second-fastest post-pandemic growth in construction activity within the EU.

Real estate   |   27 October, 2025 at 10:00 AM

Prima Development starts phase two of resi project in Bucharest

Romanian developer Prima Development Group has started construction on phase two of the Prima Astera residential complex, the first high-end project in western Bucharest built to nZeb standards. The new phase includes a building with 197 apartments, 234 parking spaces and a kindergarten with over 600 sqm of usable space for future residents' children and neighbourhood families. The gross development value for phase two amounts to €30 million, with delivery estimated for November 2027.

Real estate   |   20 October, 2025 at 3:38 PM

Compa launches second phase of resi project in Sibiu

Compa, one of Romania's largest automotive component manufacturers, announced the second phase of Arsenal Residence, a residential project in central Sibiu next to Sub Arini park. The total investment will exceed €30 million, confirming the company's strategy to diversify its portfolio and actively participate in urban development.

Real estate   |   14 October, 2025 at 2:27 PM

Romanian property sales drop 1% after VAT hike

Property transactions in Romania fell by nearly 1% in the first two months after the VAT increase compared to August-September 2024, but rose over 10% compared to May-June transactions, according to official data from the National Agency for Cadastre and Real Estate Advertising (ANCPI).

Real estate   |   9 October, 2025 at 11:14 AM

Romanian home sales stagnate as Bucharest market declines

Over 119,500 residential units were sold in Romania in the first nine months of 2025, a similar level with that recorded in the same period of 2024 (down only 0.3%), according to a market analysis by SVN Romania and based on official statistics of the National Agency for Cadastre and Land Registration.

Real estate   |   6 October, 2025 at 9:40 AM

Speedwell boosts financing for resi complex in Bucharest

Speedwell is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within The Ivy, Speedwell's residential project near Băneasa Forest. With this deal, Garanti BBVA's total financing for The Ivy now reaches almost €40 million.

Real estate   |   30 September, 2025 at 9:15 AM

Alesonor starts €8 million sports investment in resi complex near Bucharest

Alesonor has partnered with Pescariu Sports&Spa to create a 12,000 sqm sports and leisure complex within the Amber Forest suburb, with a planned investment of €8 million. The project will feature outdoor tennis and padel courts, two leisure pools, and a 2,200 sqm central building including a semi-Olympic swimming pool, spa, and fitness club.

Real estate   |   23 September, 2025 at 9:02 AM

Romanian resi market cools as consumer confidence falls

After several years of record demand, Romania's residential market entered 2025 in a cooling phase, marked by cautious buyer sentiment. Consumer confidence recorded the steepest half-yearly decline since the 2009-2010 crisis, excluding the temporary pandemic shock when optimism quickly rebounded, according to Colliers consultants. They note the deterioration runs deeper and is expected to last longer, fueled by labor market slowdown, political instability and fiscal changes eroding purchasing power.

Real estate   |   23 September, 2025 at 8:44 AM

Bellemonde launches new villa project near Bucharest

Bellemonde has announced the launch of Bellemonde Privée, a new residential project in Pipera adding 52 villas to the growing community. The total investment amounts to €25 million, with approximately 65% secured through a financing partnership with Vista Bank.

Real estate   |   18 September, 2025 at 10:04 AM

Romania among EU's most property tax-friendly countries

Romania stands out in the European fiscal landscape with property taxation levels significantly lower than the EU average, according to an analysis by Cushman & Wakefield Echinox based on Eurostat data. This position has enhanced the attractiveness of the local real estate market and established a favorable tax framework for owners and investors.

Real estate   |   18 September, 2025 at 8:45 AM

Romanian construction works grow on seven months

The volume of construction works grew by 12.2% in unadjusted terms and by 10.7% as a seasonally and working-day adjusted series in the first seven months of 2025 versus the same period of last year, according to the National Institute of Statistics (INS). 

Real estate   |   17 September, 2025 at 10:13 AM

Prima Development acquires new land plot in Bucharest

Prima Development Group has acquired a two-hectare plot adjacent to its new residential project Prima Solis, launched this summer. The transaction worth nearly €4 million will allow the expansion of the complex with approximately 700 apartments.

Real estate   |   11 September, 2025 at 11:36 AM

Opus Land expands resi development near Bucharest

Opus Land Development has launched Cosmopolis Evolia, a residential project spanning 270,000 sqm adjacent to Romania's largest private neighborhood, near Bucharest, with an estimated investment north of €200 million.

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Cris-Tim Family Holding, the Romanian cold cuts and ready-meals producer, successfully completed its initial public offering (IPO), raising RON 454.35 million (€89.5 million).