Phase IV, the final phase of the residential project, has obtained the urban planning certificate and is in the documentation preparation stage for obtaining the building permit.
Romanian developer Cityring Property is exploring a new residential development on a land plot of 6.5 hectares in northern Bucharest close to Atria Urban Resort, where it launched the last development phase.
Romania's residential market recorded around 26,000 new home completions during H1 2024, down 20% over the same period of last year, according to Colliers data.
Relative to incomes, buyers are experiencing one of the most favorable periods in history to buy a home in Romania.
VAUNT facilitates the sales process for real estate developers through a series of modules it provides for lead management, closing contracts, transaction tracking and more.
Homing Properties will invest €35 million in the construction of 140 villas in Pipera, near Bucharest.
iO Partners, a JLL Preferred Partner, has teamed up with Bright Spaces proptech to provide its clients with a 3D space planning tool.
Romanian investor and developer River Development has announced its rebranding as Sema Real Estate, with all current and new projects to be reunited under this umbrella.
The ongoing residential developments in areas near Bucharest count around 28,500 apartments, with Voluntari town and Tunari commune among the locations with the biggest volume of new construction, according to a report by Imobiliare.ro.
Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.
Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.
Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year.
The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report.
Romanian developer One United Properties says its volume of sold and pre-sold residential units, parking spaces and commercial spaces amounted to around €123.8 million during H1 2024. This result is up by 2.5% compared to the same period of last year.
STC Partners will start a new residential project in Bucharest after completing the acquisition of a land plot for €7.2 million.
Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.
Romanian developer Eden Capital aims to deliver by H2 2026 a new high-end residential complex in northern Bucharest with an estimated value of €130 million.
InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion.
Nusco City - the largest urban regeneration project in the North of the Capital - has reached a 75% sales rate for the second phase.
April 2024 was a remarkable month for the real estate market in the Capital. The significant increase in sales reflects increased buyer confidence in the market's growth potential.
Romanian tech retailer Flanco has announced its most significant expansion strategy in six years, committing approximately RON 20 million (close €4 million) to investments.
Flip.ro, the Romanian platform dedicated to refurbished electronic devices, has concluded its fiscal year with a 45% year-over-year increase.
Energy bills for households will increase once the price capping scheme is scrapped in July, finds a new study by the Energy Policy Group (EPG).
Major Romanian cities are collectively investing over €30 million in smart waste collection infrastructure, find a new analysis by Clean Recycle.
Furniture giant IKEA has opened its first Plan and Order Point in Bucharest, located in the Orhideea area.