Romanian developer Prima Development Group announces the expansion on the residential market in Bucharest with three new projects, after this year it will deliver 640 apartments in the capital city and Oradea. The new projects will bring an additional 2,500 new homes to the market.

Hagag Development Europe has an investment budget in Romania of €100 million for this year, according to Ziarul Financiar.

Atenor has signed an agreement relating to the acquisition of new plots in District XI of Budapest for a total area of 82,861 sqm. This new project, named Lake City has the capacity to build a total of 92,183 sqm residential area and will propose 1,326 apartments developed in eight phases. The first phase has a valid building permit in place, while for the rest of the project the building permits are yet to be obtained.

Nordis Group announced the completion of a building with luxury apartments in Bucharest, an investment of €8 million. 

Almost 11,500 new homes will be completed this year in Bucharest, an increase of 14% from 2020, JLL data show.

Impact Developer & Contractor signed two mortgage loan agreements for properties, respectively for VAT financing, concluded with First Bank S.A, the company announced on the Bucharest Stock Exchange.

NEPI Rockcastle enters the residential market and builds apartments near Vulcan Value Center in Bucharest, Profit.ro informs.

Realpad is a European provider of software that helps more than 60 residential developers provide better customer service. Recently, in cooperation with Slovak developer Corwin, Realpad completed a pilot project for the digitisation of the entire apartment handover process. The solution has been quickly adopted by more customers in other European markets.

The longer-term trend of price increases on the residential market continues to be the most likely scenario as demand continues to outpace supply in many of the larger cities of Romania, according to a report by the Eastern European Construction Forecasting Association.

Sales of houses, land, and apartments in January were almost 40% higher than the same month last year, according to the Romanian National Agency for Cadastre and Land Registration (ANCPI).