09.23.2012

Real estate consulting firms in Romania, owned by international realty groups, can no longer do property valuations unless they set up new companies with more than half of shareholders or associates more

09.16.2012

Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structure of more

09.13.2012

Bankers have lost their patience with the customers falling behind with their payments and are trying to speed up recovery of the losses by putting thousands of houses and apartments foreclosed across more

06.19.2012

The European Court of Human Rights has accepted Romania’s request to extend by nine months the deadline to amend its law on nationalized property, Justice Minister Titus Corlatean told MEDIAFAX more

05.24.2012

The Romanian Government has decided to extend by one year, until May 15, 2013, the period during which the issue of compensatory certificates for nationalized property is suspended, according to a more

05.17.2012

The Romanian Economy Ministry wants to keep industrial property taxes unchanged at the level applied in 2006 for two years, until 2014, and put off a 20% tax increase introduced at the beginning of more

04.24.2012

The Romanian Government confirmed Tuesday it has asked the European Court of Human Rights to extend the deadline to amend the law on nationalized property. more

04.11.2012

Compensation to people whose property was abusively seized during the communist regime will be caped at 15% of the value of the property and will be paid in tranches in the next ten to twelve years, more

03.08.2012

Land prices in Bucharest will remain at levels seen at the end of 2010, with the only areas to see declines in prices and demand being the ones in the outskirts and those without infrastructure, more

02.09.2012

New Europe Property Investments (NEPI) and Carrefour Property on Thursday announced that more than 50% was rented in the Ploiesti mall they are jointly developing. more

01.13.2012

Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sales of car more

01.12.2012

The Romanian authority that administers government real estate properties, or RA-APPS, has started procedures to sell 130 realties, including apartments in central Bucharest, shopping centers, land, more

11.29.2011

Romanian construction materials and do-it-yourself retailer Dedeman bought a 3.5-hectare plot for EUR6 million in southeast Romania, since it plans to build a second store in Constanta, Tuesday said more

11.16.2011

Retail property deals dropped 82.5% in value in Romania this year, compared to 2010, registering one of the lowest overall values in Europe, according to a Cushman&Wakefield survey. more

11.03.2011

Romanian central bank’s new regulations for consumer loans are poised to slow down mortgage lending, taking a bigger toll on local demand for big properties, the head of bank Banca Comerciala Romana more

10.06.2011

The local outsourced property management market is evaluated at EUR20 million, but adding the facility management component the market reaches a value of EUR80-100 million, Thursday said Valentin more

09.15.2011

Realty consultants Capital Property Advisors appointed Radu Lucianu, former head of consultancy firm CB Richard Ellis (CBRE) Romania, as general manager. more

08.09.2011

Construction company Danya Cebus Rom, part of Israeli group Africa Israel Investments, posted around EUR12 million in turnover in the first six months of the year, slightly more than in the similar more

07.28.2011

Almost 2,200 homes and plots of land, as well as retail space and factories, are currently for sale on the websites of the largest local banks. The number of ads is more than double compared with the more

07.08.2011

The amendments brought by the Romanian Government to the Criminal Code “pose no risk to people who obtained their wealth legally and committed no criminal offence,” MP Ioan Oltean, of the ruling more

07.04.2011

The Romanian opposition Social Democratic Party has drawn up a bill whereby property owned by people indicted on criminal charges may be confiscated if owners cannot prove they obtained the respective more

06.27.2011

Romanian President Traian Basescu called on lawmakers Monday to find a way to transpose into national legislation decision 2005/212 of the Justice and Home Affairs Council (JHA) on confiscating more

06.20.2011

Rental contracts signed in a number of Bucharest office projects, such as S-Park, Victoria Park, West Gate Park, Novo Park and Anchor Plaza, are set to expire next year, as most of the space in these more

06.07.2011

The 57 hectares of land that accommodate Bucharest’s old town can be valued at around EUR1 billion, based on the average price of EUR1,500 to 2,000 per square meter in the area, but the number of more

05.30.2011

Rental demand for commercial space on Romania’s main streets comes mostly from casinos and discount stores, according to an analysis by real estate consultants Cushman&Wakefield. more