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Articles

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.

One United Properties announces a capital increase of up to 70 million euros

One United Properties, the most active real estate developer of residential, mixed and office projects of the latest generation, announces a capital increase of up to 70 million euros. Following the General Meeting of Shareholders, which took place on Monday, September 28, this capital increase was approved, at a valuation of 380 million euros before the increase and up to 450 million after the increase.

How to ensure the security of building management systems

Computer security is a topic that keeps managers thinking at night, and the truth is that any system connected to the Internet is at risk - including a building automation system (BMS).

New records on Bucharest’s residential market

The residential market from Bucharest and its surroundings registered in 2020 a new year with record results regarding deliveries. Over 16,000 new residential units could be delivered overall in 2020, thus setting a new local record, according to ”Romania Residential Market Genome 2020” report issued by real estate consultant SVN Romania.

Bucharest residential market, fast recovery

Although the emergency period blocked real estate transactions, including in the residential market, the residential segment recovered rapidly from May, the total number of transactions in the first nine months of 2020 decreased by only 8% compared to the same period of the previous year.

A new residential project with 500 apartments on Şoseaua Gării Căţelu in Bucharest

Dan Şucu, the owner of Mobexpert, the developer of the Arcadia Apartments residential complex, which includes 800 apartments and was developed in partnership with Conarg owner Valentin Vișoiu, intends to develop a new mixed project on a four-hectare plot on Şoseaua Gării Căţelu.

Promoimob Development plans a mixed project in the north-central area of Bucharest

Promoimob Development, a real estate developer owned by two Spanish companies, is planning a new mixed-use real estate project, which will include office and residential components, on a 5,750 sq m plot of land between Ramuri Tei, Glinka Mihail and Barbu Văcărescu streets in the north-central area of Bucharest, near the Kaufland store.

The 5% VAT could also apply to more expensive homes

The Romanian Parliament voted to increase the threshold to which a reduced VAT rate of 5% is applied to 140,000 euros, for homes with a usable area below 120 sq m.

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