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Articles

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.

One United Properties appoints Claudio Cisullo as Chairman of the Board of Directors

One United Properties, a leading green developer of residential, mixed-use and office real estate in Bucharest, announces the election of Claudio Cisullo as Chairman of the Board of Directors starting with May 20th.

Vox Property Group contracts a financing of EUR 19.5 million from CEC Bank

Vox Property Group, one of the main real estate developers in the western part of Romania, contracted a financing of EUR 19.5 million from CEC Bank.

The average price in the residential sector, increases of 5-10% in 2021

Since the beginning of the COVID-19 pandemic, sellers in Romania have been more reluctant to put their properties on the market, waiting to see how the economic situation, determined by the crisis, will turn out. RE / MAX Romania specialists estimate that this trend will be maintained throughout 2021.

Relocation to rural areas became a major trend at European level during COVID-19

RE / MAX Romania presents the results of a study conducted at European level on the impact of the pandemic on the real estate industry and the trends in the next period. One of the most relevant trends, mentioned by about half of the surveyed regions, is the appetite of buyers to relocate to rural areas, to enjoy larger properties and more space.

Romanian real estate market exceeded all expectations in 2020

In 2020, the real estate market registered a 32% increase in investments, the largest transactions accumulated over 2020 mil. Eur, the office segment excepts more than 230.000 new sqm this year, the industrial sector achieved an increase of 60% of new leases compared to the previous year, and the residential section noted an increase of up to 20% in prices for luxury housing, according to the annual report of Crosspoint Real Estate.

Strong demand for European Living assets continues as investors aim to diversify portfolios and look to new markets

Investors are planning to allocate more money to the purchase of residential assets in Europe this year, and Romania is likely to be the next destination for them given that there are developers who could bring to market products that meet this type of demand.

Another 125 apartments completed in Estic Park, the ILDC group project in Pantelimon

Israel Land Development Company announces the completion of the second block of flats in the Estic Park residential project in Bucharest, in which the developer has invested approximately 30 million euros.

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