Following the success of the first phase of construction of Bonton Luxury Villas, which is 65% sold, the developer City Garden is starting work on the second phase of the project located in the Pipera area. The new development phase will complete the luxury complex with 30 spacious villas, optionally equipped with elevator, with access to swimming pool and fitness center. The expected delivery date is the end of 2022.
Vox Property Group obtained EUR 10.5 million from CEC Bank, which will be used for the completion of the Vox Vertical Village luxury residential project in Timisoara, located near the office building Vox Technology Park.
The evolution of the real estate market in the second year of the pandemic was strongly influenced by the purchasing behavior of Romanians, most purchases being made for housing, not for speculative purposes, according to CUMULUS, one of the largest architecture and design offices in Romania.
The second pandemic year ended with a total of about 50,000 apartments transacted in the Capital, more than 40% above the 2020 level, according to Colliers consultants. Nationally, although the context of the pandemic has slowed the pace of new deliveries as a result of the decrease in authorized areas during the emergency state in the spring of 2020, the residential market has picked up and in the first 10 months of 2021, the total area authorized by developers had already reached 10.1 million square meters, almost the level of the whole year 2020, which means that the residential sector is moving towards new delivery highs this year.
Alesonor, the developer of the first complete suburb – Amber Forest, announces the start of the construction works for the first villas to be built in the first stage of the project. The first villas are built with the construction company Britt Structures, a long-term partner of Alesonor, which also has experience in building the Amber Gardens complex, which remains up to now the only project of luxury green villas in Romania, certified “Green Home“ by RoGBC.
Speedwell purchased a 5.6 hectares land plot with the purpose of developing a new residential project, THE MEADOWS. The concept combines townhouses and apartment villas with a low height regime and is located on Grivita’s lakeshore, in Bucharest’s District 1.
One United Properties S.A., one of the leading green developers of residential, mixed-use and office real estate in Romania, listed on the Main Market of the Bucharest Stock Exchange (symbol ONE), announces the handover for the development of One Herăstrău Towers, located on 74A Nicolae Caranfil Street.
The volume of transactions with land dedicated exclusively for residential and commercial projects (office, retail, hotel) saw last year its highest value since 2007. The market has increased more than two and a half times compared to the estimated volume of 310 million euros in 2020, according to Colliers data.
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