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Articles

Inflation across eurozone dips further below target

This situation is putting pressure on ECB policymakers. Eurostat said inflation across the 17 EU countries that used the euro in December fell to 0.8 percent, as expected.

The end of Odyssea Residence: the land is put up for sale

The company New Horizon, which intended to build the project Odyssea Residence near Bucharest entered bankruptcy in 2013.

The Most Important Real Estate Events in 2013

The main players on the real estate market in Romania were the investment fund NEPI and the businessman Ioannis Papalekas.

Spanish Gran Via to develop another 2 buildings in Drumul Taberei

Spanish group Gran Via, the owner of several former industrial platforms in Bucharest intends to start this year the development of another two residential buildings on the Frigocom platform in Drumul Taberei district, where the first 84 flats building will be completed this spring.

The Offices of the year 2014: Largest Projects to be delivered in Southern Half of Bucharest

Biggest three office projects to be delivered this year in Bucharest are situated in the Southern half of the city, avoided by present by the developers, considering that approx. 80% of the current office stock of approx. 2 million square metres is concentrated in the central and Northern Bucharest.

Economists expect Romania’s economy to grow 2 – 2.3 pc

Romania’s economic growth this year might lie somewhere between 2 and 2.3 per cent, below the 2013 level, following an agricultural output that could hardly match last year’s record high, consider banking economists interviewed by Agerpres.

Real estate acquisitions made by NEPI cover more than 60% of the total volume of the transactions

The total value of the real estate transactions reached in 2013 EUR 335 million, with 10% increase compared to last year. The acquisitions made by New Europe Property Investments (NEPI) fund represented more than two thirds of the total value of the transactions, Mediafax informs.

Scuta, JLL: Several companies decided to expand in Romania. Our expectations have been exceeded

The office market registered a visible growth in 2013 compared to 2012, which went parallel to the economic growth.

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