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Articles - residential market

Residential construction permits up 3.6 pct during first 11 months of 2015

Residential permits presented an upward trend during the first 11 months of 2015, rising 3.6 percent over the same period of the previous year, while November showed a 9.1 percent increase y-o-y, according to data released by the National Institute for Statistics (INS).

Local businessman gets EUR 9 million loan for real estate project in Cluj-Napoca

Family of Romanian businessman Vasile Pușcaș gets a loan up to EUR 9 million from Libra Bank, in order to finance the construction of a residential project in Cluj-Napoca. The project is developed on a part of the former Ursus beer factory platform, demolished in 2012 by SABMiller group.

Nusco to develop luxury residential project downtown Bucharest

Italian Nusco group, with businesses in real estate and in doors and windows industry, is developing a luxury residential compound downtown Bucharest, named Premio Exclusive City Center, representing the company’s second residential development, as the developer was mainly involved in the office segment.

Immochan launches residential phase of Coresi Brasov

Immochan continues the third phase of its Brasov project, Coresi, a residential area with a potential for 3,000 apartments, spanning 46 hectares, company representatives inform.

Spanish developer borrows EUR 9 mln to build residential project in Bucharest

Spanish company Gran Via has borrowed RON 40 million (EUR 9 million) from Libra Internet Bank to cover 65% of the construction cost for its new residential project in the west of Bucharest.

Impact gets 51 million lei loans for the development of the Cartierul Salcâmilor project in Northern Bucharest

Real estate developer Im­pact Developer & Contractor (IMP), controlled by the businessman Gheorghe Iaciu, announced on the stock exchange that the company got a mortgage loan for real estate investments of 29.2 million lei from Libra Internet Bank in order to finance the construction of the residential district Cartierul Salcâmilor, second phase of the Greenfield project, situated in Northern Bucharest.

Nusco makes first step in a new residential project on Pantelimon Road in Bucharest

Italian group Nusco, with business in real estate and in doors and windows industry, received the construction permit for a residential complex situated on Pantelimon road in Bucharest, which will be named Pantelimon Residential Park.

Romania has the highest home ownership rate in the EU

According to Eurostat data, 96.1% of Romanians were living in dwellings they owned in 2014, this being the highest home ownership rate in the European Union. Only 3.9% of Romania’s population were tenants, way below the 29.9% average in the EU.

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