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Residential Market News

Over 3,000 new homes completed in Bucharest for rent

Over 3,000 new homes delivered in Bucharest and its surroundings in the last three and a half year have been purchased for investment purposes to be offered for rent, according to an analysis by real estate consultant SVN Romania.

Libra Internet Bank to offer a product dedicated to real estate developers who build Green Homes certified buildings

The Romanian Council for Green Buildings (ROGBC) and Libra Internet Bank have concluded a strategic partnership, following which the bank will launch for the first time for the Romanian market a product dedicated to real estate developers who will build Green Buildings.

One United Properties entered into a financing agreement of EUR 78 million for One Cotroceni Park project

One United Properties S.A., one of the leading green developers of residential, mixed use and office real estate in Bucharest, announces entering into a financing agreement for up to EUR 78 million for the office component at One Cotroceni Park project.

Sales started for units from phase 3 of Tomis Park Constanta

Tomis Park, one of the main residential projects under development in Constanta, started the sales for apartments included in the third phase of the project, which will reunite 252 units following an investment of EUR 21 million.

Housing in Romania, among the cheapest in Europe

A standard new dwelling can be purchased for seven average gross annual salaries.

Romania ranks 3rd among CEE countries with over 300 sustainably-certified properties between 2010-2020

Over 300 buildings and real estate properties were certified as ‘green buildings’ between 2010-2020 in Romania, a period that marked the first decade of sustainable development. Romania ranks 3rd among CEE countries, after Poland (1232 certificates) and Czech Republic (422). The next positions are occupied by Hungary (232) and Slovakia (124). The accelerated growth is deemed to continue, as green building becomes a strategic tool in reaching EU Green Deal targets – according to the BuildGreen 2020-2020 Sustainable Development Report.

After a year of uncertainty, optimism returns to the real estate market in Central Europe

The real estate market professionals in Central Europe returned to the level of optimism registered before the pandemic. Almost 40% of them expect an improvement in the general economic climate this year, 46% have positive expectations regarding real estate activity, and 48% rely on increasing the volume of transactions, according to the Deloitte Real Estate Confidence Survey for Central Europe 2021, conducted in the first quarter of this year in four countries in the region – Romania, Poland, the Czech Republic and Hungary. At the same time, 58% of the respondents expect the availability of investment products to increase in countries where they operate.

One United Properties successfully completes the largest IPO in the last 4 years in Romania

One United Properties S.A., one of the leading green developers of residential, mixed-use and office real estate in Bucharest, Romania, has successfully completed the Initial Public Offering (IPO) for sale of shares as the largest issue in the last four years on the Bucharest Stock Exchange.

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