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Articles - residential market

Construction permits down 10.1 pct in July, compared to the same period in 2015

The number of construction permits for residential buildings issued in July 2016 dropped 10.1 percent compared to the same period in 2015, and by 4.1 percent compared to June 2016, the Romanian National Institute of Statistics (INS) announced in a press release sent to Agerpres on Monday.

Polish executive will manage top Romanian residential developer

Impact Developer&Contractor, one of the biggest real estate developers in Romania, has appointed Polish executive Bartosz Puzdrowski as its CEO. His three-year mandate starts on September 1, 2016, the company announced in a note to investors.

Impact to invest EUR 44 mln in expanding northern Bucharest Greenfield residential project

Romanian real estate company Impact Developer & Contractor will invest EUR 44 million in the third development phase of Greenfield, its residential project in northern Bucharest, the company announced this Thursday. The investment will go into 888 new apartments and the related infrastructure.

DTZ Echinox: 1 mln buildings constructed in Romania after 1989

Out of the stock of 8.9 million buildings from Romania, 1 million units were constructed after 1989, the North-East region being in the top of deliveries across the country.

Futureal returns on real estate market in Romania

Hungarian entrepreneurs Péter and Gábor Futó, father and son, returned on real estate market in Romania through their company Futureal, following their exit due to the crises. They recruited former general manager of Hercesa and aim the residential sector.

Tagor to start the construction of second stage of Adora Urban Village

Tagor, the developer of residential complex Adora Urban Village in Bragadiru area in south western Bucharest announced it would start the second stage of the project.

Study: Real estate market radically changed after economic crisis

The economic crisis brought drastic changes in the real estate market, half of apartment demands having in view apartments of up to 60,000 euros while in 2008 about 70% of buyers were interested in more properties more expensive than 100,000 euros, according to a study made by imobiliare.ro.

Large real estate complex near Bucharest to be liquidated by insolvency house

The insolvency house Euro Insol was appointed the judicial liquidator of the real estate complex Green City, located in the Ilfov county, near Bucharest.

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