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Office Market News

Foreign direct investment in Romania sees record level of the last eight years

Foreign companies carried out direct investment in Romania worth EUR 3.9 billion in the first eleven months of 2016, up 22% over the same period last year.

Romania’s constructions works volume falls 13.3 pct in November, says INS

The constructions works volume dropped by 13.3 pct in November 2016, compared with the same period of 2015 and as adjusted series according to the number of working days and seasons, it dropped by 9.9 percent, according to the data published on Friday by the National Institute of Statistics (INS).

AdamAmerica buys Construdava office building

AdamAmerica purchased the Construdava building in Bucharest from Aberdeen Asset Management Deutschland AG. This is the third transaction in which Aberdeen Asset Management Deutschland AG was advised by Colliers International.

Mulberry Development to start first development phase of ISHO project in Timisoara

Mulberry Development is to start the first development phase of the ISHO project in Timisoara’s Take Ionescu area. The developer received the first building permissions and will soon start building the largest real estate project in Timisoara.

Real estate consultants expect surprise transactions on office and retail markets in 2017

Romania will still be a success story in real estate in 2017, as 2017 is expected to bring interesting volumes and nice surprises concerning the active investors, with focus on offices and retail, new names being expected to show on the local market, according to real estate consultants.

Romanian economy set to grow slower this year, says business persons survey

Over a half of the business people from Romania estimate that the economy will continue to grow in 2017, but more slowly than in 2016, based on the moderate internal consumption and the increase of the external risks, according to a survey of KeysFin.

Salaries in call centers increase by 10-12% in Romania, 22% in Bucharest

Salaries in call centers and service centers increased by 10-12% in Romania last year, and by 22% in Bucharest.

Sale of properties under EUR 100,000 won’t be taxed anymore in Romania

The sale of houses and plots will be exempt from taxes if their value is up to RON 450,000 (EUR 100,000).

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Alexandra Filip

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