The volume of transactions during the second trimester of this year reached the lowest level in the last 5 years. The decline is also significant for the first six months of the year in course, compared to the same period 2008. Real estate sales in the period April-June cumulated only 12 million Euros, which translates in a 98% drop when compared to last year’s period. In the second trimester of 2008, the total sum from transactions... [...]

Right now, land prices in Romania’s capital, Bucharest, vary between 200 and 859 Euros per square meter in non-central neighborhoods. In the semicentral part prices lowered from approximately 2.500 Euro per square meter, the price recorded last year, to 1.300 Euros and even 800 Euros in some cases. According to Vitali Ungureanu, real estate consultant for EuroMetropola, the reduced number of liquidities in Romania generated a 50 per... [...]

The rhythm of the real estate investments has slowed down, after the investors realized that they won’t obtain a quick profit from the constructed houses because the buyers don’t crush anymore to buy them. Moreover, the buyers’ behavior was also influenced by the avalanche of news that forecasted significant price declines, fact contested by developers. According to the local Direction of Statistics, from the beginning... [...]

The students have brighten up the demand on the segment of renting on the real estate market from Brasov. According to the real estate agents, there are many requests of renting, and the offer stands no chance for covering all of them. Because they have only one month available for finding a place where to live, the students that avoid the student hostel, as also the ones that study to private universities, are looking for the most... [...]

Either it’s about agrotourism or camping, villas, holiday villages or entertainment activities, the SMEs, natural persons or ONGs can access non reimbursable funds for developing this type of investments in the countryside. The value of financing is of maximum 200.000 euro, money which the beneficiary hardly receives after he had invested them. The beneficiaries of European funds have received the approval to deposit till 30 October... [...]

Global financial market turmoil will affect Romanian economy, particularly sectors with high debts, and the most exposed are the construction and real estate development sectors, which could hinder economic growth, officials of the Romanian business environment said. "In the heat of global crisis, we must launch a public debate on sectors affected and find ways to save them. Real estate developers, construction companies and all sectors... [...]

Prices on the Romanian residential market could lower in the upcoming period and will be regulated by homes' degree of accessibility instead of the balance between supply and demand, according to real estate network RE/MAX. "In the following five years, the Romanian market will be healthier. We'll see price adjustments both for old homes and new, as prices shouldn't be regulated by the supply and demand ratio. On a healthy market, prices... [...]

Last year’s fever in purchasing lands and projects was replaced in 2008 by the one for development and financing. Developers and investment funds have grouped on certain projects, following to start the construction of those that can bring them the highest revenues. The Austrian fund of investments, Immoeast, the biggest player on the real-estate market from Romania, where it owns in different stages of development properties of 3,5... [...]

There is a tendency of the EU’s member states of attempting to allocate more and more resources for competitiveness. The net grantor states choose the existence of more important allocations for objectives that concern the EU’s competitiveness, being – from this point of view – a tendency of abandon of the European policy for supporting the less developed member states. This tendency is welcomed by states with... [...]

The value of the projects announced in the first six months of the current year on the real estate market from Romania is with 10% higher than the similar period of last year. Despite the rumors and the problems from the local and international market, these are close to 17 billion euro. On the other hand, a higher value is justified by the increase of the construction costs and by the rise in the price for lands. According to the date... [...]

The situations in which will be paid tens of million euro for land will be less this year against last year. The limit could be quartered to 68 million euro, sum that represents the value that was paid for 1,63 hectares from Satul Francez (French Village), located in the area of Herastrau Park in the north of Bucharest. The value can increase if there turn up for sale building plots with big surfaces in the central area. According to the... [...]

Karl Petrikovics, chief executive of Immofinanz and Immoeast funds, Austria’s largest property developers, that have investments amounted to over four billion euro in Romania, in an interview for Bloomberg stated that those two funds can merge till the end of this year. “The first step is the Constantia acquisition. (n.red. – the real estate division of Constantia Privatebank)”, Karl Petrikovics adds. At the beginning... [...]

Oltenia is one of Romania’s regions with a very high rate of unemployment. The average of this economic index on those five counties from Oltenia is of 6,9%. If in Valcea county things are better, there being a rate of unemployment of “only“3,6%, not the same can be said about the county Olt – with 10% – and Mehedinti, with 9,1%. In the middle there are Dolj and Gorj counties, in both the unemployment rate being... [...]

The SMEs can bring non-reimbursable funds, for this time administrated by the European Bank for Reconstruction and Development (EBRD) and financed by the Government of Austria. This facility was recently approved through a special program. It’s about Business Advisory Services - Romania through which the financing is carried out. The program is especially directed to the consulting companies. The National Council of SMEs has revealed the... [...]

A barber’s, a Xerox, a kindergarten. These are a few ideas which an entrepreneur from the village can put into practice. Only that the initiative misses, as also the money. That’s how an inhabitant from the countryside, which can start a business on his own, without having at least financing it’s a case almost impossible. There miss the ideas for a “start-up”, but also the solutions for obtaining the money.... [...]