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Articles

Demand for offices and industrial spaces increased in the first half of 2022

Demand improved during the second quarter, while deliveries are limited and vacancy rates continue to fall, according to the Bucharest City Report Q2 2022, published by real estate consultancy JLL.

Prime Kapital and MAS plan to invest almost 2 billion euros in Romania’s real estate market by 2029

Prime Kapital, an integrated real estate developer and investor, and its investment partner MAS PLC, a green property investor and operator focused on retail properties in CEE plan to invest 1,97 billion euros in retail, office, and residential developments in Romania, by 2029, after having secured over 1,5 million square meters of development GLA/GSA.

One United Properties posts a turnover of 136.7 million euro and a gross profit of 78.8 million euro in the first half of 2022

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, recorded a consolidated turnover of 136.7 million euro in the first half of 2022, a 54% increase compared to H1 2021.

New property tax rules from 2023

Starting 2023, real estate taxation is changing radically. The main changes consist of increasing the tax rate, for both residential and non-residential buildings, and adjusting the rateable value to which these tax rates apply.

Residential deliveries have not kept up the pace with the high demand

Romania’s residential market is heading for a new record in deliveries this year as well, but the development pace has not kept up with the evolution of demand over the past two years. In addition, the price of new homes continues to rise as new projects incorporate increased prices for building materials, Colliers consultants point out.

Home sales, up by 3.4% at a national level and by 16.6% in Bucharest in H1 2022

Over 85.000 homes were sold in Romania in the first six months from 2022, up 3.4% compared with the similar period from 2021, while the number of homes sold in Bucharest and Ilfov increased annually by 16.6%, shows a reported released by real estate consultant SVN Romania, based on official statistics.

One United Properties to develop a new residential project, One City Club

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, announces the acquisition of a 10,710 sqm land located near Floreasca district and Lake Tei in Bucharest.

Camicna Development develops Acmanic, a boutique luxury residential project worth EUR 25 million

Local real estate developer Camicna Development started the construction of Acmanic, a boutique luxury residential project worth EUR 25 million, which proposes a small community, totaling only 51 apartments, consisting entirely of duplexes of over 120 square meters each, with spacious terraces and gardens.

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