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Articles - residential market

Cosmopolis owners bought a land on Barbu Văcărescu St. for a residential building development

Turkey’ Buyukhanli family, the developer of residential complex Cosmopolis in Ştefă­neşti village, northern Bucharest has recently bought a land of more than 2,000 sq. m on Barbu Văcărescu St. in Bucharest, with the intention to start this year the construction works for a building with approx. 100 apartments.

Housing permits down 1.7 pct in the first two months of 2014

The number of building permits for residential buildings has dropped 1.7 percent on the year in January and February, to 3,760. The most affected areas were Muntenia-South, North-East, South-West Oltenia and Center, according to data released by the National Institute of Statistics on Friday.

Romania experienced biggest house price fall among 42 countries in 2013

House prices in Romania reported the biggest fall among 42 countries in the world in 2013, namely 10.43 percent, compared with 5.96 percent a year earlier, according to a globalpropertyguide.com survey, based on average inflation-adjusted prices.

Colliers: Residential developers restarted to look for lands in Bucharest

Residential developers restarted again to look for lands in Bucharest and its surroundings for the construction of residential complexes, on the background of a market giving signs of revival and prices decreased significantly in the last five years, said Sîn­ziana Oprea, senior associate within real estate consultant Colliers.

The Sons of EnergoBit Founder Took Over Insolvent Residential Project in Cluj for EUR 1.5 million

The company Adalgo Mirus in Cluj, controlled by the brothers Sorin and Raul Gadola, the sons of Ştefan Gadola, one of the founders of EnergoBit group of comapnies, bought last year for EUR 1.5 million a building in construction and several plots of land within Mao Life Residence project in Cluj, in insolvency.

Ared to start this year residential project in Timisoara

Real estate developer Ared, controlled by the businessman Alexandru Bercea, plans to start in 2014 the construction of a new residential project in Timisoara, including 150 apartments, has declared for WALL-STREET.ro Florin Mos, director de marketing si vanzari al Ared.

Neocity, following City Park Constanta sale: We are looking for lands for residential projects in Bucharest

The residential segment has a large potential on the background of “First House” program, and the company Neocity Group is currently looking for lands suitable for residential developments in Bucharest, said Nimrod Ben-Ami, CEO Neocity Group Romania.

Eminescu 220 looking for new investor

Eminescu 220, an unfinished luxury residential project in Bucharest, is looking for a new investor.

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