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Articles - rezidential

Residential market is up in Orhideea-Politehnică area in Bucharest, due to new office developments

The new apartments offer in residential compounds situated in the area Orhideea – Politehnică in Bucharest has exploded, as the plans announced by the office developers started taking shape. There are eight large office projects in different phases of construction and planning, developed by CA Immo, Forte Partners, Sema Parc and Vastint (Ikea), totalizing more than 170,000 sq. m office spaces and being scheduled for delivery starting with the second half of 2016 by 2018, according to data analyzed by ESOP.

Zacaria Group invests EUR 20 million in a new residential project in Bucharest

Real estate developer Zacaria Group enters the Romanian residential market with an investment of EUR 20 million in a project which includes 280 units situated in northern Bucharest.

Average apartment prices go over EUR 1,000 per sqm in Romania

The prices of apartments put up for sale in Romania grew by 4.5% in February compared to January and by 9.8% year-on-year.

Number of building permits, down by 14.6% in Romania

The number of building permits for residential buildings in Romania dropped by 14.6% in January to 1,429 compared to the same period in 2015.

The Park Apartments sales reach EUR 10 mln in 2015

The Park Apartments, a residential complex near Tineretului Park, has registered sales amounting to EUR 10 million in 2015, with median transactions reaching EUR 85,000, developer Hanner announces.

Alpha Bank to become real estate developer for two residential projects in Bucharest

Alpha Bank, one of the top ten’s banks in Romania following the value of assets, founded a real estate division to be in charge with residential development. The bank is trying therefore to recover part of the money invested in the boom period in such projects, but the apartments price dropped with 40-50 pct. ever since.

Spanish group Hercesa resumes its residential investments in Bucharest

Spanish group Hercesa began the construction work of a new building within the Vivenda Residencias residential compound in eastern Bucharest, in the Titan area.

Romania’s real estate market to go up 5 percent in 2016, says RE/MAX Romania

For 2016, the real estate market is said to register increases at national level “of at least 5 percent – both for old houses, and new ones”, said Razvan Cuc, president RE/MAX Romania.

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