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Articles - residential market

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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THE IVY, SPEEDWELL’s residential ensemble, has received the Green Homes certification

THE IVY residential ensemble in Bucharest, Baneasa, has been granted the Green Homes certification by the Romania Green Building Council.

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Bucharest has some of the most affordable housing in EU

Housing prices in Bucharest are among the most affordable in the European Union (EU), according to a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices in EU capital cities.

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New residential properties are becoming less and less affordable for Romanians

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a significantly faster pace than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation.

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The residential sales market will go through a period of stagnation and correction

If after the first year of the pandemic the optimism in the residential real estate market had returned to pre-crisis levels, today this sector faces new challenges that may generate structural changes, which may have different implications for sales segments and rental, according to JLL Romania.

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Prime Kapital to start Phase 1 of Pleiades Residence in Ploiesti

Prime Kapital, one of Central and Eastern Europe’s largest real estate developers, investors, and operators, has received the building permit for Pleiades Residence in Ploiesti which would be the first ‘car-free’ and green project in the city, and will start construction by end of Spring.

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Investment of 80 million euros in The Lake Home residential complex in Sibiu

The developer Novarion SA launched this month the first building, a block of flats with 42 apartments, from The Lake Home project, located on the shores of Binder Lake in Sibiu. The project has attracted around € 3 million through two rounds of financing from the Meta Estate investment fund, and is based on innovative concepts, including cryptocurrency payments through Utrust.

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Anchor Group to launch newest project Select Residences in Bucharest

Anchor Grup, one of the top players on the real estate market in Romania, announces Select Residences, its newest premium residential complex in the company’s portfolio, after a planned investment of 40 million euros.

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