ARTICLES LABELLED WITH TAG residential

The international property management company, MVGM Group took under management the NorthLight Residence residential complex in Bucharest with a total of 110 apartments and developed by InteRo Property Development.

Alesonor, the developer of the green residential complex Amber Gardens, obtained the PUZ for Amber Forest, a project with over 500 green villas and 200 green apartments near Bucharest. The zonal urban plan, PUZ in Romanian, is necessary for the process of obtaining the construction permit

Hungarian lender OTP Bank is providing the largest project financing loan to date for the development of the Duna Terasz Grande apartment complex in Budapest. According to the financing agreement signed recently, OTP provides a HUF 23 billion (appr. €62.8 million) loan for developer D&B Ingatlanfejlesztő-Group. The 790-apartment project is the largest waterfront residential development in the 13th district. It will be handed over in 2023.

AFI Europe Romania is building a small shopping centre in Bucharest, on the land where the company completed the first phase of the AFI City housing project.

Nordis Group, a real estate developer specialized in the construction of luxury real estate, announces the launch of a new exclusive complex, consisting of a hotel and residential apartments, located in Brașov.

Prima Development Group announces the completion of the Boemia Apartments project, whose construction started in 2019 in Bucharest. 

There were 14,569 residential property deals made in Hungary in February 2021, according to the latest monthly transaction estimate by real estate group Duna House. This marks the highest transaction number of the past ten years. This many homes have not changed owners in a month since early 2011.

Romania Sotheby’s International Realty announced revenue growth of 127% in 2020. Sotheby’s International Realty entered the Romanian market in July 2020 through the association with Artmark Historical Estate, a company founded in 2014 and which belonged to the Artmark group.

Buyers want more rooms, but the minimum area they can accept in a given type of apartment is still decreasing, say JLL analysts.

Cordia Romania, part of Futureal Group, announced the sale of 20% of the apartments in the second phase of the Parcului20 project in Bucharest.