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ArchiveDisaster on the Romanian real estate market: Transactions dropped 98%, up to 12 million Euros
The volume of transactions during the second trimester of this year reached the lowest level in the last 5 years. The decline is also significant for the first six months of the year in course, compared to the same period 2008. Real estate sales in the period April-June cumulated only 12...
Romania: Land prices drop by up to 40%
Right now, land prices in Romania’s capital, Bucharest, vary between 200 and 859 Euros per square meter in non-central neighborhoods. In the semicentral part prices lowered from approximately 2.500 Euro per square meter, the price recorded last year, to 1.300 Euros and even 800 Euros in...
Houses from the historic area are selling better than the new ones
The rhythm of the real estate investments has slowed down, after the investors realized that they won’t obtain a quick profit from the constructed houses because the buyers don’t crush anymore to buy them. Moreover, the buyers’ behavior was also influenced by the avalanche of...
Students break the real estate ice from Brasov
The students have brighten up the demand on the segment of renting on the real estate market from Brasov. According to the real estate agents, there are many requests of renting, and the offer stands no chance for covering all of them. Because they have only one month available for finding a...
Intl Fin Crisis Affects Sectors In Romania, Particularly Real Estate - Businessmen
Global financial market turmoil will affect Romanian economy, particularly sectors with high debts, and the most exposed are the construction and real estate development sectors, which could hinder economic growth, officials of the Romanian business environment said. "In the heat of global...
House prices in Romania to lower
Prices on the Romanian residential market could lower in the upcoming period and will be regulated by homes' degree of accessibility instead of the balance between supply and demand, according to real estate network RE/MAX. "In the following five years, the Romanian market will be...
Real estate investors focus on development
Last year’s fever in purchasing lands and projects was replaced in 2008 by the one for development and financing. Developers and investment funds have grouped on certain projects, following to start the construction of those that can bring them the highest revenues. The Austrian fund of...
The value of the promised projects, 10% higher than last year
The value of the projects announced in the first six months of the current year on the real estate market from Romania is with 10% higher than the similar period of last year. Despite the rumors and the problems from the local and international market, these are close to 17 billion euro. On the...
The big real estate transactions have rarefied against last year
The situations in which will be paid tens of million euro for land will be less this year against last year. The limit could be quartered to 68 million euro, sum that represents the value that was paid for 1,63 hectares from Satul Francez (French Village), located in the area of Herastrau Park...
Immofinanz and Immoeast may merge till the end of 2008
Karl Petrikovics, chief executive of Immofinanz and Immoeast funds, Austria’s largest property developers, that have investments amounted to over four billion euro in Romania, in an interview for Bloomberg stated that those two funds can merge till the end of this year. “The first...
The top customers, reserved in taking risks
Although the investments in the real estate domain still remain a serious competitor for the private banking services, thanks to the very attractive returns, the Romanian market has though at present a potential of at least 50.000 VIP customers. Even if many of the top customers...
Romania, ranks 3rd at constructions in the region
The construction market from Romania was last year the third in Central Europe, under Poland and the Czech Republic but over Hungary and Bulgaria. However, the market from our country can increase in the next years, having the highest increase rhythm from Europe. The value of the construction...
Marconf Production sells a terrain of 12 mil euro
Marconf Production sells a terrain of 12 mil euro The company Marconf Production, as intermediary, puts for sale by open auction real estate of almost 12 million euro. The properties are a terrain from the industrial area of Drobeta Turnu Severin, Mehedinti county, with a surface of about 110.000...
Imostruct sold a terain of one million euro
The real estate developer Imotrust Arad sold for more then one million euro a terrain with an amounted surface of two hectares, having industrial destination. At the end of May, Imotrust also sold a terrain of over seven hectares from Arad, with almost three million euro, which he had purchased...
Apartment Prices In Bucharest Down 15% In 2010
According to a survey conducted by real estate website imopedia.ro, the sale prices of apartments in Romania’s capital city Bucharest reduced in average by 15% this year. In 2011, the prices are expected to continue their downward trend. "The price of apartments put up for...
Romania Raises Guarantee Cap For New Housing Purchases
The Romanian government decided to raise the guarantee ceiling to EUR70,000 or EUR75,000 for new homes built under the government housing program. Romanian Prime Minister Emil Boc announced that the government will also increase the total guarantees ceiling for new buildings. For already built...
Romania November Construction Output, 3rd Biggest Monthly Rise In EU
Romanian construction output went up 2.9% on the month in November last year. EU's statistics office Eurostat data show that this is the third-highest monthly increase in the European Union. Only Slovakia and Portugal placed ahead of Romania, with monthly advances of 13.7% and 4.1%, respectively....
Bucharest New Apartment Prices Down 51% On Year In November
A national index launched Wednesday by imobiliare.ro website shows that between November 2008 and November 2009 Bucharest apartment prices fell by an average 45%. Thus, the prices for apartments in new residential compounds in Bucharest fell 51% on average. For three-room apartments prices fell...
The sale of ANL homes regulated by a normative act adopted by the Romanian Senate
Romanian senators adopted today, with 44 votes in favor and 29 against, a legislative proposition to amend Law no. 152/1998 which will allow the sale of homes built by the National Housing Agency (ANL) at inventory prices updated in ratio with the inflation rate. The money resulted from the sales...
