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Articles - residential market

Gran Via Real Estate to complete a new residential project in the Centre-West of Bucharest

The employees of the companies choosing their offices in the new emerging Centre-West zone of Bucharest have now a new option available for housing in the proximity of their job. The Spanish-based developer, Gran Via Real Estate, completes this year the development of the former factory Frigocom, at the crossroads of Timișoara Boulevard and Moinești Street in Bucharest, Timișoara 58 residential compound.

Bucharest’s areas with the highest number of apartments in construction in the vicinity of office projects

Over 7,000 apartments should be delivered in 2019 in Bucharest in the immediate vicinity of an office project, according to ”home _ office Report 2019” issued by real estate consultant SVN Romania. Also, another 10,000 units could be launched in these areas in the next 12 – 18 months.

New office projects raise the price of apartments with 15%

The prices and rents of apartments situated in the proximity of the office compounds are higher by a few percent than in other areas, as the two categories - office buildings and residential buildings - are closely interconnected, real estate consultants believe.

Greek investor invests EUR 6 mln in Bucharest residential complex

Greek investor Evangelos Poulios, the co-owner of the fashion retailer BSB, will invest EUR 6 million this year in completing the residential complex Belize Residence (the former Cernica Residence), located in Eastern Bucharest.

Cosmopolis owner partners Dutch firm to further develop the project

Turkish investor Ahmet Buyukhanli, who controls the residential project Cosmopolis in north of Bucharest via the company Opus Land Development, has entered a partnership with a group of private investors represented by a Dutch firm to invest in the project’s next development stage in the next five years.

Former NEPI CEO to start residential project in Bucharest

Prime Kapital, the company founded by South-African investor Martin Slabbert after he left the leadership of the real estate developer NEPI in 2015, wants to start working on a large residential project in Romania, reports local Economica.net.

Residential building permits down by 1.2 pct in 2016, after a 12 pct drop in December

In 2016, the number of building permissions for residential buildings decreased by year-on-year by 1.2 percent up to 38,653, on the background of a drop recorded in Bucharest, in Moldova and Walachia, data published by the National Institute of Statistics (INS) shows.

Impact signs a contract to build six properties worth EUR 5.24 mln

Impact Developer & Contractor has closed a contract with Devbon SRL on December 16 to build in Bucharest six properties worth EUR 5.24 million, according to a release of the company to Bucharest Stock Exchange (BVB) where the company is listed.

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