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Articles - residential market

Eurostat: Romania’s house prices increase – 5th highest in EU in Q4 of 2014

House prices in Romania registered a quarterly growth of 1.8 per cent in Q4 of 2014. In the European Union house prices stagnated, while in the Euro Zone they dropped by 0.1 per cent, the data published on Wednesday by Eurostat shows.

Israeli real estate developer invests EUR 20 mln in new Bucharest residential compound

Gindi Group, one of the largest real estate developers in Israel, will invest EUR 20 million in GViTown, a new Bucharest residential compound located in the Mihai Bravu area.

Chinese company starts works at residential project in Craiova

Prime Minister Victor Ponta and Chinese Ambassador Xu Feihong attended on Tuesday the opening of a works site in Craiova, where a Chinese company builds a residential neighbourhood.

MetroCity Academiei to be completed next year following EUR 10 mln investment

Real estate developer with domestic capital Construct Aprodex will invest approximately EUR 10 million in MetroCity Academiei, a residential project located near the Military Academy in Bucharest.

Green City residential assembly is put up for sale for EUR 20 mln

Green City residential complex, developed by the Green City Construct company, controlled by businessman Dumitru Bucsaru, was put up for sale by the judicial liquidator, who sells over 200 villas and the afferent land, individually or wholesale, in the latter case the price being set at EUR 20 million.

New apartment prices in Bucharest, up by 3.4%

New apartment prices in Bucharest went slightly up in March, by 3.4% over February, when they reached the lowest value since 2008.

5,000 apartments to be built in South Bucharest by 2016

Several Romanian investors want to develop by next year 5,000 apartments in the South of Bucharest, for the first phase having been bought plots of about 15 hectares, and the first blocks will be available for sale this year.

Number of construction permits up 4.3 pct in first two months of 2015

In the first two months of the year, 3,923 building permits have been issued for residential buildings, up 4.3 percent compared to the same period of 2014, increases being recorded in the South-East, North-West, Bucharest-Ilfov, South-Muntenia and North-East, according to the National Statistics Institute (INS).

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