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Articles - residential market

Romanian real estate developer plans EUR 30 mln bond issue for new projects

Romanian real estate company Impact Developer&Contractor plans to launch a bond issue of up to EUR 30 million (RON 135 million) to finance its new projects, the company has announced.

Morad Group invests EUR 12 mln in two new Onix Residence blocks

Morad Group, one of the largest real estate developers in Romania, began the construction of two new blocks as part of Onix Residence, the investment being estimated at EUR 12 million.

Increasing activity on the residential and lands market

The real estate market had a more dynamic start in 2015, compared to the activity recorded in previous years, mainly in terms of transactions with land and apartments in new residential buildings, shows a Crosspoint Investment Banking & Real Estate analysis.

Housing priced EUR 19,500 to EUR 240,140 at National Real Estate Fair

The cheapest studio put up for sale at the National Real Estate Fair (TNI), which runs until Sunday at the Palace of Parliament, costs EUR 19,500, VAT included, being located in Berceni, and the most expensive housing, a three-room apartment near Foisorul de Foc, is priced EUR 240,140.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

New residential projects relocated from Bucharest’s outskirts to central and semi-central areas

Main criterion for the acquisition of a house after 2008 was the price, so most of the new residential projects were placed in Bucharest’s peripheral neighbourhoods, mainly in the South or West or in nearby localities.

Higher demand for construction land in Romania’s largest cities: Iasi leads the ranking

Average prices for plots suitable for construction in big cities and their outskirts either stayed relatively stable or had a clear upward trend, according to an analysis by Imobiliare.ro on the past 12 months.

Businessman Mohammad Murad bought the real estate consultant Coldwell Banker

Businessman Mohammad Murad, the owner of Phoenicia hotel chain, bought the real estate consultancy company Coldwell Banker Affiliates of Romania, the company that owns the master-franchise of US’s Coldwell Banker, from the entrepreneurs Alexandru Benga and Valentin Ilie, according to information confirmed by both parties in the transaction, wall-street.ro reports.

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