ARTICLES LABELLED WITH TAG Romania

The Romanian residential market is navigating through many changes. This means that developers need to be flexible in order to adapt to all changes, as the speakers of the residential panel of SEE Property Forum 2024 concluded.

Mortgage loans worth €5.5 billion were granted in total at a national level in the first eight months of 2024, up 49% compared with the same period of last year, according to data from the National Bank of Romania (NBR). 

Investors are still on hold today. As Property Forum’s recent survey showed, two-thirds of investors are expected to continue to take a ‘wait and see’ stance and look for a better vision of the future in the coming period. But, as the speakers of the investor expectations panel of SEE Property Forum 2024 showed, there are opportunities available all over CEE, including Romania.

Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.

Industrial developer Logicor has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, located near Bucharest. 

Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries, according to research by iO Partners. 

Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.

SEE Property Forum 2024, Romania’s leading international real estate event, brought together top economic minds to debate the effects of the economic convergence process in the region and also the current and future economic outlook of CEE.

Radisson Blu Hotel Bucharest has renovated its meeting and events facilities following an investment of €1.6 million.

Romania's construction market has reached historic highs over the past two years over increased public investment, financed by both national and European funds. At the same time, demand from the residential market has remained limited due to the slow permitting process for new developments in Bucharest.