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Over 52,000 homes were sold in Bucharest and its surroundings in the first ten months of 2022, up 9.16% compared with the similar period from 2021, according to data published by the National Agency for Cadastre and Land Registration. 

Property developer Alesonor says it has obtained the construction permit for the first villas of Amber Forest complex it will develop in the suburbs of Bucharest. 

Retailers and residential developers are driving demand in the land market and the volume of transactions is hampered by uncertainties regarding urban development legislation. 

Property developer Speedwell says it has fully repaid a €10.1 million loan granted by BRD Societe Generale Group for the residential component of the Record Park mixed-use project in Cluj-Napoca. 

Romanian developer Nordis Group has announced the acquisition of several plots of lands with a combined surface of 23,000 sqm in the seaside resort of Mamaia. 

Echo Investment is launching a joint venture with a company controlled by an unnamed investor. Resi4Rent is the first fully integrated investor, operator and asset manager for purpose-built residential communities in Poland. With more than 1,200 apartments under construction and another 1,700 apartments ready for construction in the next 12 months, Resi4Rent will be the largest residential for rent platform in Poland. The first tenants will be able to move in during the fourth quarter of 2019.