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Articles - residential market

The land market in Bucharest in 2020

Romanian housing developers, along with German retailers such as Kaufland and Lidl, were the most active buyers of land in the Bucharest-Ilfov area during 2020, according to the Bucharest Land Marketbeat report by real estate consulting company Cushman & Wakefield Echinox.

Over 24,000 dwellings in construction in Bucharest and its surroundings

Over 24,000 new residential units are under construction in Bucharest and its surroundings, according to the market report ”Romania Residential Market Genome 2021” released by real estate consultant SVN Romania. Significant developments are being registered also in other residential regional markets from Romania, such as Constanta, Brasov or Cluj – Napoca.

Alesonor expands the green community and obtains the PUZ for Amber Forest

Alesonor, the developer of the green residential complex Amber Gardens, obtained the PUZ for the first complete suburb – Amber Forest.

Nordis Group will develop a hotel and a residential complex with a market value of 31 million euros in Brasov

Nordis Group, a real estate developer specializing in the construction of luxury real estate, announced that it will build in Brasov a mixed project that includes a hotel and a residential complex, on an area of 14,000 square meters, with a market value of 31 million euros.

Prima Development Group announces the completion of the Boemia Apartments project and the handing over of the apartments to the owners

Prima Development Group announces the completion of the Boemia Apartments project, whose construction started in 2019 in Bucharest, and the handing over of the apartments to their owners.

City Point becomes the first residential complex in Romania certified LEED Gold for Neighbourhood Development

Point Development, the local subsidiary of the Israeli group Shikun & Binui, has successfully completed the LEED certification process for the second construction stage of its resi-scheme City Point. At the end of last year, the project received the LEED for Neighbourhood Development: Plan and Design (LEED-ND) certificate on behalf of the US Green Building Council. Thus, City Point becomes the sixth project in Europe certified LEED-ND and the third certified as Gold. The whole process was coordinated by Colliers Romania.

Bucharest Properties REIT has completed the 2nd stage of the Vitan Estates residential project

The American shareholding company Bucharest Properties REIT has completed the second stage of the Vitan Estates residential complex. Starting with February, the complex has two more class A buildings, of 11 floors each, built following an investment of over 10 million euros.

New Living Standards in Bucharest, according to BREC’s latest market report

In the current Covid-19 context, the residential market is going through an adjustment phase, as people have been forced to stay in their homes and many of them were forced to combine their private space with their working office, shows the latest report of Bucharest Real Estate Club (BREC), „The New Face of Bucharest”.

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