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Residential Market News

Camicna Development develops Acmanic, a boutique luxury residential project worth EUR 25 million

Local real estate developer Camicna Development started the construction of Acmanic, a boutique luxury residential project worth EUR 25 million, which proposes a small community, totaling only 51 apartments, consisting entirely of duplexes of over 120 square meters each, with spacious terraces and gardens.

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Increasing construction costs, the biggest challenge of 2022 for real estate companies in Romania and other countries in the region

The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to the Deloitte Real Estate Confidence Survey for Central Europe 2022, conducted in the second quarter of this year in Romania, Poland, the Czech Republic and Hungary.

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THE IVY, SPEEDWELL’s residential ensemble, has received the Green Homes certification

THE IVY residential ensemble in Bucharest, Baneasa, has been granted the Green Homes certification by the Romania Green Building Council.

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One United Properties shares will be included in the FTSE EPRA Nareit EMEA Emerging index as of June 20th

The shares of One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate, will be included, as of June 20th, 2022, in a new FTSE Russell index: the FTSE EPRA Nareit EMEA Emerging index. FTSE Russell made the announcement following the quarterly adjustment.

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Bucharest has some of the most affordable housing in EU

Housing prices in Bucharest are among the most affordable in the European Union (EU), according to a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices in EU capital cities.

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New residential properties are becoming less and less affordable for Romanians

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a significantly faster pace than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation.

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The residential sales market will go through a period of stagnation and correction

If after the first year of the pandemic the optimism in the residential real estate market had returned to pre-crisis levels, today this sector faces new challenges that may generate structural changes, which may have different implications for sales segments and rental, according to JLL Romania.

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One United Properties posts a turnover of 70.5 million euro and a gross profit of 42 million euro in Q1 2022

One United Properties (BVB: ONE), a leading Romanian green developer of residential, mixed-use and office real estate, recorded a consolidated turnover of 70.5 million euro in the first three months of 2022, an 81% increase compared to Q1 2021.

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