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... [...]

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... [...]

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... [...]

Although the investments in the real estate domain still remain a serious competitor for the private banking services, thanks to the very attractive returns, the Romanian market has though at  present a potential of at least 50.000 VIP customers.   Even if many of the top customers come from real estate investors, by only alienating of a studio flat doesn’t transform the seller into a beneficiary of these services.... [...]

The construction market from Romania was last year the third in Central Europe, under Poland and the Czech Republic but over Hungary and Bulgaria. However, the market from our country can increase in the next years, having the highest increase rhythm from Europe. The value of the construction market from Romania was last year of 9,2 billion euro, the third from Central Europe, according to a study of the consulting and audit company... [...]

Marconf Production sells a terrain of 12 mil euro The company Marconf Production, as intermediary, puts for sale by open auction real estate of almost 12 million euro. The properties are a terrain from the industrial area of Drobeta Turnu Severin, Mehedinti county, with a surface of about 110.000 square meters and more buildings. The auction will take place on July 21, at the headquarter of the company from Drobeta Turnu Severin. The start... [...]

The real estate developer Imotrust Arad sold for more then one million euro a terrain with an amounted surface of two hectares, having industrial destination. At the end of May, Imotrust also sold a terrain of over seven hectares from Arad, with almost three million euro, which he had purchased in March, last year, with over 800.000 euro. The company aims this year, next to the other subsidiaries on a consolidated established turnover of 110... [...]

The Romanian government decided to raise the guarantee ceiling to EUR70,000 or EUR75,000 for new homes built under the government housing program. Romanian Prime Minister Emil Boc announced that the government will also increase the total guarantees ceiling for new buildings. For already built houses the guarantee will be kept at EUR60,000. The changes are subject to government approval next week.   Early January, the government decided... [...]