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Articles - residential market

Over 3,000 new homes completed in Bucharest for rent

Over 3,000 new homes delivered in Bucharest and its surroundings in the last three and a half year have been purchased for investment purposes to be offered for rent, according to an analysis by real estate consultant SVN Romania.

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Sales started for units from phase 3 of Tomis Park Constanta

Tomis Park, one of the main residential projects under development in Constanta, started the sales for apartments included in the third phase of the project, which will reunite 252 units following an investment of EUR 21 million.

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Housing in Romania, among the cheapest in Europe

A standard new dwelling can be purchased for seven average gross annual salaries.

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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.

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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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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.

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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.

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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.

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