Asking prices of apartments in Romania rose by 10.3% in the first nine months of 2021 compared to the same period of last year, with Bucharest and Cluj-Napoca remaining the most expensive markets for home buyers, according to a report by Imobiliare.ro portal. 

Property developer Novum Business Invest has purchased a new land plot of 15,100 near Carol Park in Bucharest for a new residential project with over 500 units. 

Property developer Speedwell says it secured the building permit for its first industrial project located in north-western Bucharest. The development of the first warehouse under the Spaceplus brand will start in the next period and should be completed by the second quarter of 2022. It will have a total leasable area of 10,000 sqm. Leasable storage space ranges from 400 to 600 sqm. 

Hungarian Indotek Group is in advanced negotiations to purchase the office building One Victoriei Center in Bucharest. 

Real estate consultancy Crosspoint Real Estate estimates that all 256 apartments in Vulcan Residence based in Bucharest will be sold by the second half of 2023. The agency is the exclusive seller of the project, which is NEPI Rockcastle’s first residential investment in Romania. 

The inauguration of the extension of Colosseum Mall in northern Bucharest was pushed back by spring 2022 due to the health crisis.  

Hagag Development Europe has officially opened the trading day on Tel Aviv Stock Exchange (TASE) on October 24. The property developer has raised around €28 million after going public last August on TASE. 

Most Romanians who worked more from home in the past 18 months want to return to the office, citing the lack of socializing with the colleagues as one of the reasons, according to a new survey commissioned by real estate consultancy Cushman & Wakefield Echinox. 

Property group NEPI Rockcastle, the biggest owner of shopping centres in Romania, says it has started the construction of its first residential project in Bucharest. 

Nooka Space start-up has announced the launch of the largest network of smart proximity offices in Romania, in Cluj-Napoca.