Futureal Group exits retail project ParkLake and powers ahead in the real estate market of Bucharest through Cordia
26 November 2018 • Real estateFutureal Group exits retail project ParkLake and powers ahead in the real estate market of Bucharest through Cordia Futureal Group announces an exit worth 19 million euros from the retail project ParkLake, developed by Sonnae Siera and Caelum Development. Futureal participated in the development of ParkLake by financing Caelum Development, the latter controlling 50% of the shopping center. Futureal Group will intensify its activity in Romania through its residential investments brand, Cordia. The company has recently announced a 50 million EUR worth of investment plan in Bucharest for the next year, part of a long-term roadmap for the local market. Cordia division plans to deliver about 500 apartments per year, designed for medium and medium high segments.
FSBOs vs. Real Estate Agents. Do agents really sell homes for 13% more?
22 April 2015 • Real estateHave you seen the claim that “research shows” that real estate agents sell homes for 13% higher prices than people who sell their homes themselves? Does that seem right to you? I wouldn’t be surprised if real estate agents sold homes for prices that are a few percentage points higher than homes sold directly by homeowners but 13% more didn’t seem plausible to me. So being a trained economist, in addition to being a real estate agent the last 12 years, I decided to track down the origin of this beloved real estate agent data point. Note: A home the owner is selling directly to buyers without using a real estate agent is called a “For Sale By Owner” or “FSBO” by real estate agents.
COLLIERS INTERNATIONAL ROMANIA RESEARCH & FORECAST REPORT | 2019
28 February 2019 • Real estate2018: ANOTHER YEAR WITH A ROBUST ECONOMY The last decade has probably been the best period in terms of economic development in Romania’s 100-year history, even when taking into account the boom-bust 2007-2009 cycle, with the 2015-2018 period especially supporting this outcome. Last year ended with economic growth of a bit over 4%. This is a slowdown from the surprising 7% figure in 2017, but nevertheless, it is still one of the better results in the EU, where growth hovered around 2% on an aggregate level. Private consumption continued to play a leading role (likely up by around 5%), albeit expanding less than in the previous year (a bit over 10% in 2017) and generated close to three quarters of economic growth; this slowdown came amid higher inflation, tighter monetary policy, fiscal policy uncertainties and slight softening of the RON, all of which impacted consumer optimism to an extent. Other details of growth numbers were even less encouraging, as investments returned to negative territory, the negative impact of net exports swelled a bit and inventories (often a volatile component) had a significant positive contribution to GDP growth.
Real Estate Market report 2018 | Crosspoint
29 March 2019 • Real estateReal Estate Market report 2018 | Crosspoint
TOP 10 OFFICE DEALS, Q2 2018
30 August 2018 • Real estateCo-work takes hold in the second trimester on the office market in Bucharest, with two new international groups announcing their entrance on the local market: Mindspace in Globalworth buildings and Spaces in Campus 6.1 and Unirii View. Another important new entry has been confirmed – London Stock Exchange, thus reinforcing the potential of the Romanian office sector, with a positive signal to institutional foreign investors.
You want to buy a property in Romania? Here’s how a Romanian real estate due diligence lawyer can advise you
30 August 2018 • Real estateBefore buying a property in Romania, both the seller and the buyer must ensure that they have all the necessary documents available. Issuing some of the documents takes time and it would be unpleasant to know that some of the documents are missing in the day before the transaction takes place, so that the deal must be postponed. In this sense, it is advisable to use the services of a Romanian lawyer specialized in due diligence, constructions and real estate transactions.
Re-imagining office lobby
6 September 2018 • Real estateIn a more and more crowded office market, with new hubs developing at fast pace, real estate investors are coming with new concepts, re-thinking the use of different functions, such as the office lobby. According to “Innovation Spaces: The New Design of Work” study, the ground-floor of the office buildings is transforming “into community magnets that creatively draw like and unlike people together”. The study argues that the coffee shop on the ground floor is the easiest approach. “In other cases, the infusion of free, fast and pervasive wireless technology combined with more lounge-like spaces has transformed ground floors into working hubs”.
The most sought-after areas to rent an apartment in Bucharest by students
7 September 2018 • Real estateStudents who want to stay in Bucharest during the academic year 2018-2019 choose to rent studios in Dristor, Politehnica, Center, Timpuri Noi or Eroilor, prices reaching between 230 and 310 euros, depending on the area, shows a study done by Real Estate Salon Bucharest (Salonul Imobiliar Bucuresti).
Bucharest’s Floreasca/Barbu Vacarescu area is the most valuable fusion between retail and office spaces
7 September 2018 • Real estateBucharest’s Floreasca/Barbu Vacarescu area is the most valuable fusion between retail and office spaces. According to the real estate consultancy company Colliers International Romania, for every 1,000 sqm of offices there are 35-40 sqm within them dedicated to the selling of various goods and services. In total, in the Floreasca/Barbu Vacarescu area there are about 10,000 sqm of such spaces at the ground floor of the office buildings, with the rents generated by these holding a share of 4-5% of the total cashed in by landlords.
Dutch investors start EUR 5 mln renovation at store in downtown Bucharest
7 September 2018 • Real estateThe Bucuresti store, located in Bucharest’s Old Town, will undergo a EUR 5 million renovation process that should take about one year. Much of the store’s interior will be demolished and rebuilt but the façade will be kept to its original form. The store’s underground and first three levels will be used for retail, the 4th and 5th floors will host offices and the top floor will be leased to a restaurant or bar operator, according to Radu Moldoveanu, the representative of the store’s owners, cited by local Ziarul Financiar
BR Exclusive: Czech PPF Real Estate close to buying Crystal Tower for over EUR 40 million
26 September 2018 • Real estateCzech investment fund PPF Real Estate, founded by Petr Kellner, is close to acquiring Crystal Tower, the first Romanian office building equipped with a heliport, for more than EUR 40 million, market sources told BR. Two years ago, PPF Real Estate bought Metropolis Center, a 19,000-sqm building in Bucharest for around EUR 50 million, in its first Romanian real estate market investment.
JLL - Bucharest City Report Q2 2018
27 August 2018 • Real estateOverview The City Reports cover key trends in the economy and recent trends in the investment, office, retail and industrial markets. In this edition, JLL brings you her second quarter update on Bucharest Romania Published August 2018
Seismic Risk in Romania Assessment and Awareness
17 September 2018 • Real estateWe at BLISS Imobiliare wish to share with you this very interesting presentation discussing the Earthquake Risks of Romania. This presentation also gives you a clear summary of the past, present and future of Romania's earthquake risks. SEISMIC RISK IN ROMANIA. ASSESSMENT AND AWARENESS | BLISS Imobiliare
Residential rentals recommended by BLISS Imobiliare | 24062020
23 June 2020 • Real estateRecommended this week by BLISS: Apartments and Houses for rent in Bucharest Ilfov Romania. Offers as from 400 euro upwards. Studio apartment to premium villas in residential complexes | BLISS Imobiliare
Romania Insider | Housing for expats in Bucharest – what are the options?
25 June 2010 • Real estateRomania Insider - First timers to the Romanian capital city should know that there are certain areas in Bucharest more likely to cater to their taste and that the traffic in the city will diminish the number of suitable offers. I | BLISS Imobiliare
Q1 2020 CEE Investment Scene
22 April 2020 • Real estateWe are pleased to bring you the Q1 2020 CEE Investment Scene as a part of the Special Insight Series | Covid-19 Opportunities & Challenges in Extraordinary Times which takes a look at the first quarter investment activity in 2020 by country and sector, plus some of the themes that we see emerging.
IMF sees 5% GDP contraction and double-digit unemployment in Romania
15 April 2020 • Real estateThe International Monetary Fund estimates a 5% decline for Romania's economy this year, followed by a 3.9% growth in 2021, according to the report "World Economic Outlook." As a result, Romania's GDP in 2021 will be 1.3% below the level of 2019 before the coronavirus (COVID-19) pandemic.
RO developer gets building permit for boutique residential project
7 April 2020 • Real estateOne United Properties continues the series of real estate developments under the umbrella of the Neo brand. The company has received the building permit for the Neo Floreasca Lake project, the most exclusive residential development on the banks of Lake Floreasca.
Skanska hopes to complete the sale of big office project in Bucharest
9 April 2020 • Real estateSwedish developer Skanska has confirmed that it continues the talks for the sale of two office buildings within the Campus 6 complex in the western part of Bucharest, near the Polytechnic University. The buyer is reportedly Austrian group S Immo, the owner of the Sun Plaza shopping mall.
The softening of the national currency could pressure rental costs
9 April 2020 • Real estateIn a volatile context generated by the Covid-19 epidemic, the local real estate market could be affected this year by the potential depreciation of the Romanian currency. The Covid-19 pandemic is expected to cause disruptions to various economic sectors throughout the world, including real estate.
When investors call: How your business should talk about coronavirus
30 March 2020 • Real estateAs the next earnings season approaches, CFOs and other senior leaders will need to focus on addressing immediate concerns associated with the pandemic while resetting expectations. The rapid spread of the coronavirus has sent governments, markets, and communities on a fervid search for answers.