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Residential Market News

Bog’Art will develop a new residential complex in Bucharest

Bog’Art Residential has bought two 6,500 sq m plots of land in the northern part of Bucharest from OMV Petrom and is going to develop a residential complex with 130 apartments.

Italian investors launch Nusco City, EUR 70 mln residential project in CBD Bucharest

Nusco Imobiliara, a real estate developer controlled by the Italian Nusco family, has started a new residential project in northern Bucharest, Central Business District, a 70 million EUR investment.

Forty Management buys 4 hectares near Petrom City to develop new residential project, Central District Lagoon City

The developer of Forty Management, founded by Lucian Azoitei and Tudor Bădițescu, bought a land of 39,896 sq m in the Străulești area of the Bucharest, owned by Butan Gas Romania. The transaction has a value of EUR 8.2 million without VAT.

Deloitte survey: New loan disbursements can rebound in 2021, supported by regulatory measures to sustain the lending activity of banks

Banks in Central and Eastern Europe expect new loan disbursements to rebound in 2021, supported by regulatory measures aiming to sustain the lending activity, after a significant year-on-year decrease in 2020, according to COVID-19 CEE banking sector impact survey, conducted by Deloitte in 12 countries in the region, including Romania.

Forty Management buys 3,000 sqm of land in northern Bucharest for a new residential project

The real estate developer Forty Management, led by Lucian Azoitei, bought a land of approximately 3,000 sq m, located in Strada Tipografilor 2, in a complex transaction valued at about EUR 7.2 million.

Real Estate & Construction Forum 2020

This week, we discuss the prospects of the real estate market in Romania, during the 11th edition of the "Real Estate & Construction Forum"

Gran Via Passes The 2,000 Completed Units Milestone This Year And Addresses A New Image

The Spanish developer Gran Via Real Estate crosses the 2,000 apartments delivered on the Romanian market milestone in 2020, with the completion of the last phase of the Timișoara 58 project – 300 apartments. At the same time, the developer implemented a re-branding process this year, approaching a new and modern logo, under the signature of Verbio.

Brasov’s residential market in 2020 – stable prices and transactions, slightly lower deliveries

Brasov’s residential market registered good results in 2020, with prices and total transactions increasing slightly compared to 2019, when the best results in the modern history of the market were registered, according to a marked report released by real estate consultant SVN Romania.

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