ARTICLES IN Residential TOPIC

28
Nov
2018

Garanti Bank finances Timisoara project with €5.8 million

by Property Forum
Romanian developer Wallberg has secured a €5.8 million loan from Garanti Bank to finance the development of the XCity Towers project in Timisoara. XCity Towers it will be built in several stages, with a total of 955 apartments in 8 buildings. The total value of the project will exceed €62 million, of which the first stage will amount to €36 million.
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07
Nov
2018

Golub GetHouse builds for students in Kraków

by Property Forum
Modern, comfortable living units, unlimited access to specially arranged spaces for individual and group learning, a game and entertainment centre, a cinema room, and a kitchen for group cooking. This is a brief description of the Livinn Kraków student house at ul. Romanowicza 4 in Kraków, now underway as part of the revitalization and modernization of the former Telpod factory building.
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05
Nov
2018

Living in Prague is becoming more expensive than in Bratislava

by Property Forum
Prague is becoming increasingly more expensive than Bratislava. Employees continue to earn more in the capital of the Czech Republic, though the cost of living is also rising, especially in regards to housing. This is evidenced by the results of research done by JLL, which compared the prices of apartments in both capitals.
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01
Nov
2018

Cordia to invest €50 million in Romanian projects next year

by Property Forum
Cordia Romania, the residential division of Hungary’s Futureal Group, plans to invest €50 million in new projects million next year. The company aims to deliver about 500 apartments per year on the Bucharest residential market, designed for the medium and medium-high segments.
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25
Oct
2018

Central bank regulation to affect house prices in Romania

by Property Forum
The National Bank of Romania (NBR) reintroduced limits for the maximum indebtedness levels for individuals or families seeking out consumer or mortgage loans. These debt service-to-income (DSTI) ratios will become 40% for RON loans and 20% for hard currency starting in 2019. As per Colliers International Romania’s estimates, for the residential market, the impact in terms of prices will be uneven, geared more towards the low and medium-low segments of the residential market.
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18
Oct
2018

Speedwell launches residential project in Bucharest

by Property Forum
Belgian real estate developer Didier Balcaen is investing €15 million in a residential project called Triama Residence in the National Arena neighbourhood of Bucharest, profit.ro reports.
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11
Oct
2018

Poland’s Resi4Rent buys four projects under development

by Property Forum
Echo Investment has signed preliminary sales agreements with Resi4Rent for four projects under development in Warsaw, Wrocław and Łódź for a combined price of €78.6 million (PLN 338.7 million). The four projects - Browary Warszawskie in Warsaw, Wodna in Łódź, Rychtalska and Kępa in Wrocław – will comprise 1,200 apartments altogether.
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04
Oct
2018

Hanner’s Bucharest mixed-use project to be completed by 2020

by Property Forum
Fosta Fabrica, the restoration and conversion project of the former Grivita brewery in Bucharest, received all necessary permits and it is expected to be completed in 2020 by Lithuanian developer Hanner Group.
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06
Sep
2018

Chapman Taylor unveils plans for Budapest mixed-use project

by Property Forum
Chapman Taylor’s design for a mixed-use community in Budapest has been unveiled. The urban regeneration masterplan would transform a derelict former slaughterhouse complex into a dynamic residential and office district with complementary retail and leisure provision and two underground levels of parking.
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19
Jun
2018

AFI Europe launches Bucharest residential project

by Property Forum
AFI Europe Romania broke ground this month on AFI City, the first large-scale residential project to be developed by the company in Romania. TGC was assigned as the general contractor for the first phase of the project.
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