foreign direct investments in construction and real estate transactions have more than tripled in absolute value, increasing by €14.4 billion euros during the 2013 - 2023 period.
Romanian investors have bought office buildings, hotels in smaller towns or mountain resorts, two small shopping centers and portfolios of shops on the street.
Retail developers maintain intense activity nationwide, focusing both on developing retail parks and on standalone stores operated by major retailers.
Reduced bank interest rates and banks' offers for this product are among the drivers of this trend.
he new offices, located in Bucharest, Brașov, Sibiu, Constanța and Baia Mare, are led by leaders with ambitious visions.
The value of realized transactions reached approximately €63 million, an increase of 35% on the total amount for the same period in 2023.
Following a two-year period of continuous expansion, the global luxury retail market witnessed an expected decelaration in 2023.
The top real estate segments attracting the most investments are retail, hotels second and industrial third.
Environmental, social, and governance (ESG) principles are no longer just a trend or a buzzword, but rather becoming the norm in the Romanian real estate market.
Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.
Repaco Capital has started the construction of Crevedia Retail Park that will be completed in H2 2024 near Bucharest following an investment of €15 million.
Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices and the interest rate, they are currently under strain.
The merger process marks the first step in a series of similar initiatives that AROBS's management plans to implement in the long term.
French and German families will benefit from sizable price reductions this year, while Romanian ones will see an increase.
VTEX has achieved the AWS Consumer Goods Competency, distinguishing itself as a provider that has demonstrated technical proficiency and proven customer success.
CTPark Bucharest South is strategically located between Bucharest's ring road and the future A0 Motorway, with direct access to the A0.
Corinthia Hotels Group, the operator of Grand Hotel du Boulevard, actively supports local art and culture through initiatives that promote artists in the local communities.