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Residential Market News

Land market remains robust in Romania, ending 2023 on a strong note

The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates.

Edelstein to invest 60 million euro in Diamond project in Cluj-Napoca

Edelstein Group has started the development of a new residential complex in Cluj-Napoca that will be completed in three phases following an investment of €60 million.

Former industrial platforms in Bucharest continue to generate among the highest number of land transactions

The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Local land market sees high interest, but future quarters may have reduced sales

The land market remained very active in the first half of 2023, reaching an estimated turnover of around 250 million euro. This volume includes only transactions involving land for commercial real estate projects in sectors such as residential, office, retail, without segments such as industrial or energy, reveals Colliers in its market report on the evolution of the real estate market in the first semester of this year.

Primavera Development is developing 35 villas in the Green Lake residential project, in the north of Bucharest

The real estate developer, Primavera Development, specialized in bold and architecturally distinct real estate projects, is starting the construction of a new phase of the residential project Green Lake, located in the 1st district of Bucharest, with an estimated investment of approximately 30 million euros

MetaWealth Launches $100,000 Giveaway, Making Real Estate Investing More Accessible to the General Public

MetaWealth, the leading fractional real estate investment platform, launched a $100,000 giveaway for its investors who buy a piece of the Cosmopolis and New Confort City residential property package in Bucharest. The initiative, designed to democratize real estate investing, is a continuation of MetaWealth's mission to help people build a better financial future for themselves.

One United Properties posts a consolidated turnover of 171 million euros and a gross profit of 69.8 million euros in H1 2023

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, posts a consolidated turnover of 171 million euros in H1 2023, a 26% increase compared to H1 2022.

SPEEDWELL and Garanti BBVA sign a new financing agreement for the third building of THE IVY project

SPEEDWELL and Garanti BBVA sign a new financing agreement for the third building of THE IVY, the premium residential project in northern Bucharest

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