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Articles - residential market

Number of residential constructions up by 7% in Romania

The number of dwellings built in Romania increased by 7% in the first nine months of the year compared to the same period in 2013, reaching 28,555 units, according to the National Institute of Statistics.

Alesonor sells first houses part of Amber Gardens high-end residential project in Bucharest

Alesonor completed this November the first six houses part of the Amber Gardens high-end residential project it is developing next to Bucharest in the Otopeni-Tunari area. Out of these, four have already been sold, according to the developer.

Meric Capital finishes a EUR 2.5 mln residential project in downtown Bucharest

Meric Capital, investment vehicle acting for Israel’s Plotkin Project, finished its first real-estate project in Romania: a 16-apartment building in downtown Bucharest, after a EUR 2.5 million investment.

EUR 9 mln residential project to be built near Bucharest

Kape Premium Imobiliare – a residential developer active in France and Italy – is investing approximately EUR 9 million in building 100 villas in Frumusani, south-east of Bucharest, according to Premier Estate, the project’s agent.

Impact invests EUR 14 mln in expanding Greenfield with 252 apartments

Romanian company Impact Developer & Contractor will deliver this December three apartment blocks part of the Greenfield housing project in Baneasa and another six will be completed in February, according to Mediafax newswire. Construction works started five months ago.

Hotel chain owner builds apartments in Bucharest

Hotel owner Mohammad Murad has invested some EUR 4 million in a residential compound in Northern Bucharest, called Green Residence, according to Wall-Street.ro.

Large residential project in Bucharest goes insolvent

A company that was planning to build 1,200 housing units within the Casablanca Residence in the Titan area of Bucharest went insolvent by bank request, according to Mediafax.

Real estate investment of EUR 3 mln in residential building near Tineretului Park

Two Romanian businessmen are investing EUR3 million in an apartment building that will have around 86 apartments, located near Bucharest’s Tineretului Park with delivery scheduled for July next year writes Mediafax.
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