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Articles - rezidential

Romania’s residential market records best year in history, says Coldwell Banker

Real estate consultancy Coldwell Banker Affiliates of Romania forecasts that 2016 will be the best year for the local residential market, despite the challenging financing environment marked by the approval of the debt discharge law and the fast consumption of guarantees limits on the state-backed program Prima Casa for first home buyers.

Premier Estate Management takes over five new residential projects in Bucharest, Timisoara

Premier Estate Management has taken over five new residental projects in Bucharest and Timisoara. The company’s portfolio now includes 10 residential projects and over 1,000 apartments.

Luca Prest invests EUR 7.5 mln in a residential complex in Cluj Napoca

Luca Prest, one of the constructions players from Romania, has started the development of the residential complex Grand Hill Residence in Cluj Napoca, the total investments being EUR 7.5 million. It will placed in Buna ziua district and will comprise 148 apartments in a building with 10 floors.

British Romanian Investment Partnership to build New Residence Bucharest

British Romanian Investment Partnership is to build New Residence Bucharest, the second residential project developed in Romania following EUR 10 million investment.

ILDC completes structure of first building in Estic Park residential complex

Developer Eagle Development Estate, owned by Israel Land Development Company (ILDC) is in the process of completing the structure of the first building in the Estic Park residential complex. The building will have 125 flats, and is scheduled to be completed in 2017. The complex will offer a total f 1,500 flats.

Belgian real estate developer to build small town near Bucharest

Belgian real estate developer Liebrecht & wooD will start the construction of the first batch of houses of its Frumusani Residential Park project in the second half of next year.

Premier Estate Management to handle residential sales on project developed by Ovidiu Sandor in Timisoara

Mulberry Development, the company led by Ovidiu Sandor, has closed a partnership with Premier Estate Management to sell apartments in the project developed near Timisoara. The project will have a surface of 5.3 hectars and has 1,200 planned apartments and 50,000 square meters of offices.

Maltese group invests EUR 11 mln in Bucharest residential project

Real estate developer Zacaria Group will invest EUR 11 million in a residential complex in Bucharest.

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