Bucharest Romania has one of the highest seismic‐hazard levels in Europe.
3 May 2019 • Real estateBucharest Romania has one of the highest seismic‐hazard levels in Europe. The Municipality of Bucharest is one of the capitals with the highest seismic risk in the world. Bucharest is particularly vulnerable to seismic hazard due to: the high density of inhabitants, especially within the residential districts with blocks of flats; the old public utility fund; the out-of-date infrastructure; the numerous industrial parks that are undergoing a restructuring process, not to mention the inefficient organization of civil protection and poor education of the population regarding seismic risk.
Romania The country where 96% of homes are privately owned
20 November 2018 • Real estateRomania ranks first in the world for private home ownership. But that doesn’t mean buying a home is easy. Romania touts the highest rates of home ownership in world. According to Eurostat data, 96% of Romanians live in owner-occupied dwellings. But government policies, economic shifts, fewer rental opportunities and mounting social pressure to become a homeowner means the experience of owning a home in Romania has been wildly different across generations.
Where to Invest in Property Across Europe in 2018
9 August 2018 • Real estateAccording to PwC and Urban Land Institute (ULI), a Washington-based Research NFP Centre, the European Property Market continues to ride the swell on the back of a robust performance from the previous financial year. The recent survey conducted by (PwC and ULI, ‘Emerging Trends in Real Estate Europe 2018’ has analyzed markets in 31 European cities and 23 real estate sectors for their investment and development potential. With a focus on high quality assets across all major European markets, investors have shown an appetite for risk to achieve the targeted returns.
BREC Talks to Ben Adams Founding Director, Ben Adams Architects
2 August 2018 • Real estate"Office buildings need to be interesting, creative, non-standard and exciting to be in. Bucharest is still building largely boring buildings and needs to wake up to the demand for better buildings that let at higher rents."
Half of office developers in Romania expected to opt for WELL certifications over the next five years
30 July 2018 • Real estateWith a history of almost four years, the WELL Building Standard certification has started to shift the attention from the built environment to the health of employees. In Romania, this phenomenon is in its inception and Colliers International is the first real estate consultancy company to have its own team of WELL professionals, with two of the five being present on a national level.
CEE Investment Market | H1 2018
30 July 2018 • Real estateThe CEE region continues to be a key target for both international and domestic investors. The CEE region's macro-economic story, encouraging retail performance levels plus very strong office and industrial occupational markets, together with an attractive yield profile provides for a very positive story for investors.
Colliers International Romania Mid-Year Market Update
30 July 2018 • Real estateIn the post-crisis period, Romania has been the most successful economic convergence story this part of Europe. In fact, if the service-led growth continues at a pace similar to the post-crisis period, Romania is likely to surpass Hungary by end-2022 and catch up to Slovakia by end2028 in terms of GDP per capita, adjusted to purchasing power standards (this indicator is widely used as a proxy for living standards).
JLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018.
30 July 2018 • Real estateJLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018. The CEE region continues to be a key target for both international and domestic investors. The CEE region's macro- economic story, encouraging retail performance levels plus very strong office and industrial occupational markets, together with an attractive yield profile provides for a very positive story for investors.
BR Analysis. The most expensive real estate projects in Romania
24 July 2018 • Real estateThe Romanian real estate market is going through a positive period, as there are large, mixed projects that combine homes, offices and retail such as Isho Timisoara or Timpuri Noi Square, as well as combining retail and offices, in projects like Openville Timisoara or AFI Cotroceni.
Regional cities are increasingly present on international investors' radar
23 July 2018 • Real estateCluj-Napoca, Timisoara, Iasi and Brasov are becoming alternatives to Bucharest. The accelerated economic development of the major regional cities in Romania is beginning to influence their real estate market as well. According to the real estate consultancy company Colliers International, there are strong arguments to support the increased interest in office leasing and the strong investment potential, so cities such as Cluj-Napoca, Timisoara, Iasi or Brasov can offer an alternative to Bucharest.
What will the homes of the future look like? True luxury is green
17 July 2018 • Real estateCompared to previous years, the residential market is now much more evolved and clients are more demanding and informed. More and more people who want to buy green homes compared to those who are looking for an apartment in a block of flats are increasingly concerned about the quality of their lifestyle, the comfort and safety that their family home brings, energy efficiency and lower maintenance costs, not just the price per square meter as they were interested in the past. So there are more and more quality projects being built.
Romania, among world’s top 30 most transparent real estate markets
11 July 2018 • Real estateRomania is among the transparent real estate markets in terms of information availability, according to this year’s edition of JLL’s Global Real Estate Transparency Index. Romania ranks 29th out of 100 markets covered by this index.
Building permits in the first five months of the year increased 8 percent compared with the same period of the last year
5 July 2018 • Real estateIn the first five months of the year were issued 16,287 building permits for residential buildings, at national level, according to INS data, an increase of 8 percent compared to the corresponding period of the previous year.
Intravilan plot of land for sale, located in the north of Bucharest, in Baneasa Pipera area
5 July 2018 • Real estateBuildable plot of land, 4.000sqm, located in northern Bucharest, in the Baneasa Pipera area. The land is suitable for residential development.
BREC Talks to Adrian Untaru, Co-Founder, ADNBA
5 July 2018 • Real estate"We have many small developers that don’t allow the risk to get out of a pattern and, in this way, we have an excess of similar products. The demand for new homes is high, whatever there is on the market is being sold and we produce what has been sold."
Colliers International advised on the sale of Maestro Business Center office building
2 July 2018 • Real estateColliers International Romania advised on the sale of Maestro Business Center office building in Cluj-Napoca, one of Romania’s most important regional cities. The acquisition made by First Property Group, a UK investment fund, favors the opening of a new investment market in Cluj-Napoca.
BREC Talks to Laurențiu Lazăr Managing Partner & Director Investment Services, Colliers Romania
2 July 2018 • Real estate"Romania has been historically a market searched by speculative investors, but we can notice this trend changing. We can see a stronger interest from institutional investors, which look for large buildings and excellent tenants."
For sale 14.866 m2 land for development with PUZ in Otopeni 23 August Ilfov Romania
29 June 2018 • Real estateFor sale 15.000m2 land for development in Otopeni 23 August. The land situated in the North of Bucharest, in Otopeni. area 23 August Suitable for a residential development because of the ongoing development and the demand for quality housing for this specific area. According to PUZ the parameters are: POT 40%, CUT 1,4 , S+P+2+M, 10 meters at the cornice. The land has easy access from the DN1 and Bucharest ring road
Globalworth invests USD 10 million in creative co-working spaces company Mindspace and brings it to its Bucharest office buildings
26 June 2018 • Real estateThe office investor Globalworth has signed a lease agreement with Mindspace, company specialized in creating creative co-working spaces. The company will open its first locations in Romania in three of the Globalworth buildings on an area of approximately 12,000 square meters of the Globalworth Campus, City Offices and Bucharest Tower Center in Bucharest.
Bucharest: Real Estate used as engaging Marketing tool
26 June 2018 • Real estateOccasionally used up to now on the local retail market, “the pop-up shop” concept gained ground in 2017, with new, innovative implementations. In a crowded media context, brands look for new ways to interact with their consumers and promote product launches. Despite a growing e-commerce industry, emotions are the main driver of loyalty and that is why the “pop-up shop” concept creates great opportunities for brands.
Available for rent 535m2 in recently finished Class A office building Grozavesti Bucharest
28 June 2018 • Real estate535m2 Modern Class A office space available for rent in the Grozavesti area. The space is located on the first floor.