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Residential Market News

Housing in Romania, among the cheapest in Europe

A standard new dwelling can be purchased for seven average gross annual salaries.

Romania ranks 3rd among CEE countries with over 300 sustainably-certified properties between 2010-2020

Over 300 buildings and real estate properties were certified as ‘green buildings’ between 2010-2020 in Romania, a period that marked the first decade of sustainable development. Romania ranks 3rd among CEE countries, after Poland (1232 certificates) and Czech Republic (422). The next positions are occupied by Hungary (232) and Slovakia (124). The accelerated growth is deemed to continue, as green building becomes a strategic tool in reaching EU Green Deal targets – according to the BuildGreen 2020-2020 Sustainable Development Report.

After a year of uncertainty, optimism returns to the real estate market in Central Europe

The real estate market professionals in Central Europe returned to the level of optimism registered before the pandemic. Almost 40% of them expect an improvement in the general economic climate this year, 46% have positive expectations regarding real estate activity, and 48% rely on increasing the volume of transactions, according to the Deloitte Real Estate Confidence Survey for Central Europe 2021, conducted in the first quarter of this year in four countries in the region – Romania, Poland, the Czech Republic and Hungary. At the same time, 58% of the respondents expect the availability of investment products to increase in countries where they operate.

One United Properties successfully completes the largest IPO in the last 4 years in Romania

One United Properties S.A., one of the leading green developers of residential, mixed-use and office real estate in Bucharest, Romania, has successfully completed the Initial Public Offering (IPO) for sale of shares as the largest issue in the last four years on the Bucharest Stock Exchange.

One United Properties acquires a 25,350 sq. m land in Bucharest 2nd District for a new residential development

One United Properties, one of the most important developers in the real estate market in Romania, has signed the pre-purchase agreement for the acquisition of a plot of land with an area of 25,350 sq. m located on Șoseaua Fabrica de Glucoză in Bucharest, as well as for the acquisition of a quota of ½ of a plot of land with an area of 3,651 sq. m, representing the access road.

80% of Romanians who turn to a loan broker prefer to buy very spacious real estate through bank loans

According to an internal analysis, the volume of loans brokered by AVBS Credit brokers in January-April 2021 doubled compared to the same period last year. Romanians who obtained the necessary financing, preferred to opt for lending through credit brokers.

One United Properties acquires a 2 hectares land on Lake Tei shore from Țiriac Group for a new residential project

One United Properties, one of the most important developers in the real estate market in Romania, has acquired a 21,165 sqm land on the shores of Lake Tei in Bucharest, from a company within Țiriac Group. The value of the transaction amounts to EUR 15 million. A town planning certificate has already been issued for that land for construction.

The construction sector in Romania will reach a record level in 2021

The turnover of the construction sector (building construction, civil engineering and special construction works) increased by almost 30% compared to 2018 and exceeded by 40% the level of 2015, reaching over 108.7 billion lei in 2019 , according to the latest KeysFin analysis.

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Alexandra Ioana Pascariu

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