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Residential Market News

80% of Romanians who turn to a loan broker prefer to buy very spacious real estate through bank loans

According to an internal analysis, the volume of loans brokered by AVBS Credit brokers in January-April 2021 doubled compared to the same period last year. Romanians who obtained the necessary financing, preferred to opt for lending through credit brokers.

One United Properties acquires a 2 hectares land on Lake Tei shore from Țiriac Group for a new residential project

One United Properties, one of the most important developers in the real estate market in Romania, has acquired a 21,165 sqm land on the shores of Lake Tei in Bucharest, from a company within Țiriac Group. The value of the transaction amounts to EUR 15 million. A town planning certificate has already been issued for that land for construction.

The construction sector in Romania will reach a record level in 2021

The turnover of the construction sector (building construction, civil engineering and special construction works) increased by almost 30% compared to 2018 and exceeded by 40% the level of 2015, reaching over 108.7 billion lei in 2019 , according to the latest KeysFin analysis.

Geometrik Build to invest €20 million in residential project in Constanța

Real estate developer Geometrik Build will invest €20 million in its first large-scale residential project located in southern Constanța.

Core Timpuri Noi, the residential complex with the most electric charging stations in Bucharest

Prima Development Group announces the inclusion of a network of electric charging stations in the Core Timpuri Noi residential project, which it is currently developing in the Timpuri Noi area of ​​the Capital.

Bog’Art launches Art City during Romanian Design Week

Bog’Art started the development of Art City, a real estate project with a value of EUR 20 million, which will include 141 apartments, 500 square meters of commercial spaces and 180 parking spaces, which will be delivered in October 2022.

New gourmet market concept at One Herăstrău Towers, in partnership with Le Manoir

One United Properties, one of the key players on the real estate market, signed a partnership with Cristian Preotu, the owner of Le Manoir, for the opening of a new gourmet market concept within the exclusive One Herăstrău Towers project.

Gran Via Real Estate completed the sales for the last apartments within Timișoara 58 project

Gran Via Real Estate announces the completion of sales for the last 300 apartments within the Timișoara 58 project, also marking the end of this project’s development, on a land of 3.2 hectares, former Frigocom platform, at the crossroad of Timișoara and Moinești streets, 15 minutes from Gorjului Metro Station in Bucharest.
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