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Residential Market News

Vox Property Group contracts a financing of EUR 19.5 million from CEC Bank

Vox Property Group, one of the main real estate developers in the western part of Romania, contracted a financing of EUR 19.5 million from CEC Bank.

The average price in the residential sector, increases of 5-10% in 2021

Since the beginning of the COVID-19 pandemic, sellers in Romania have been more reluctant to put their properties on the market, waiting to see how the economic situation, determined by the crisis, will turn out. RE / MAX Romania specialists estimate that this trend will be maintained throughout 2021.

Relocation to rural areas became a major trend at European level during COVID-19

RE / MAX Romania presents the results of a study conducted at European level on the impact of the pandemic on the real estate industry and the trends in the next period. One of the most relevant trends, mentioned by about half of the surveyed regions, is the appetite of buyers to relocate to rural areas, to enjoy larger properties and more space.

Romanian real estate market exceeded all expectations in 2020

In 2020, the real estate market registered a 32% increase in investments, the largest transactions accumulated over 2020 mil. Eur, the office segment excepts more than 230.000 new sqm this year, the industrial sector achieved an increase of 60% of new leases compared to the previous year, and the residential section noted an increase of up to 20% in prices for luxury housing, according to the annual report of Crosspoint Real Estate.

Strong demand for European Living assets continues as investors aim to diversify portfolios and look to new markets

Investors are planning to allocate more money to the purchase of residential assets in Europe this year, and Romania is likely to be the next destination for them given that there are developers who could bring to market products that meet this type of demand.

Another 125 apartments completed in Estic Park, the ILDC group project in Pantelimon

Israel Land Development Company announces the completion of the second block of flats in the Estic Park residential project in Bucharest, in which the developer has invested approximately 30 million euros.

Record transactions on the residential market: over 5000 properties sold in Bucharest in March 2021

This March was the best March of the last five years in the residential segment, with a record of transactions in each of the top five regional residential markets, according to SVN Romania, based on data from the National Agency for Cadastre and Real Estate Advertising (ANCPI ).

Nusco Imobiliara starts the first phase of the Nusco City residential project

The Nusco family has started the construction of the first phase of the Nusco City project, located in the Pipera area, an investment of over 30 million euros.

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