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Residential Market News

My Place Residence, a new luxury residential complex, developed in the north of Bucharest

The developer My Place launches a new residential project in the business area of Pipera, which addresses primarily expats, but also employees working in the office hub Floreasca-Barbu Văcărescu, the investment for the construction of the complex being estimated at over 8 million euro.

Spaceflow, Mobile Community Management App For Access To Building Community Benefits Launched in SkyTower

SkyTower, the tallest building in Romania, announces the implementation of Spaceflow community management mobile application, a digital communication and interaction platform dedicated exclusively to its tenants. The mobile app offers a fast-digital connection to a variety of services and facilities and a direct connection to the community life in the tower.

Impact Developer & Contractor started the construction of Greenfield Plaza, the largest community center in a residential complex

Impact Developer & Contractor started the construction works at the fourth phase of development of the Greenfield Băneasa residential compound. This will include Impact's first commercial project, Greenfield Plaza, with 7,258 sqm of space for trade and services and 1,184 sqm of office spaces.

Vox Vertical Village, awarded BREEAM Excellent – 80.8% highest preliminary certification score for a residential building

Vox Vertical Village Timisoara received this year the BREEAM Excellent Preliminary Certificate for the design stage, thus obtaining the highest score ever awarded to a residential project, 80.8%. This means that the project is extremely environmentally friendly, a rarity for Romania.

Palas Iași mixed-use project by IULIUS Company – the only LEED® Neighborhood Development certified project in CEE

Palas Iași, an urban regeneration investment opened by IULIUS Company in 2012 adding up to more than EUR 310 million, is the only project in Central and Eastern Europe to obtain the LEED® Neighborhood Development certification for its positive impact on the community and for the sustainable design and construction of integrated buildings.

New standards of the European Commission - major changes for homeowners, tenants and public authorities

The European Commission's "Wave of Renovations" initiative is a historic opportunity to turn the current stock of buildings, mostly old and energy-intensive, into more efficient, sustainable and healthy for people. The strategy includes numerous measures to make investments in building renovation more accessible and to encourage building owners and public authorities to carry out energy renovation works.

Sale transactions on the residential market in October, a new record

In October 2020, 83,675 properties were sold nationwide, 35,107 more than in September 2020 and 25,341 more than in the same period last year.

The most expensive new apartments in Romania

Even if the year 2020 is influenced by the coronavirus pandemic, the real estate market in Romania has not suffered. House prices are growing steadily, while the number of transactions is growing compared to 2019.

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