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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.
Employee benefits in Romania: gift vouchers, corporate sports, spas & sabbaticals
19 July 2018 • NewsSalaries and working conditions are not the only subject employers and employees negotiate during a job interview nowadays. Amid a growing shortage of specialists, the benefits that companies in Romania offer for the loyalty of their employees are more and more diverse and creative.
Developer plans to expand logistics park near Bucharest to 1 mln sqm
17 July 2018 • NewsCTP, the biggest logistics and industrial real estate developer and investor in Romania, plans to turn its CTPark Bucharest West logistics park into the biggest such facility in Eastern Europe.
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.
EC revises downwards economic growth forecast for Romania
16 July 2018 • NewsThe European Commission (EC) has revised downwards its economit growth forecast for Romania, for both 2018 and 2019, according to its Summer 2018 Interim Economic Forecast. Thus, the EC expects Romania’s economy to grow by 4.1% in 2018, down from the 4.5% forecasted in the spring. Moreover, the Commission also revised its forecast for 2019, from 3.9% to 3.8%.
How to register & tax regime of Authorized Natural Persons – PFA in Romania
11 July 2018 • NewsFor those who want to do business in Romania, but don’t want to create a limited liability company (SRL, which stands for Societate cu Raspundere Limitata), the most common method is to register as a PFA (Persoana Fizica Autorizata/Authorized Natural Person, or a Sole Trader). It is much easier and the tax regime is more relaxed than in the case of a company.
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.
Fly Go and TBI Credit launch a digital credit for the purchase of holidays
10 July 2018 • NewsFly Go, one of the largest online travel agencies in Romania, and TBI Bank, part of TBI Bank, have launched an online credit, the first 100% digital financing product available in Romania to buy tourist products and services.
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."
Iconic former US embassy residence could fetch EUR 5,5 million at auction
5 July 2018 • NewsKnown for 70 years as the headquarters of the United States Embassy in Romania, the Maurice Blank palace in Bucharest’s Tudor Arghezi Street no. 9 will be auctioned by Artmark Historical Estate. The starting price is EUR 5,500,000.
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.
Romania pays by far the highest interest rates in the EU, and the situation worsens every month
2 July 2018 • NewsRomania’s government, companies and citizens pay at this moment by far the highest interest rates among the 28 European Union member states, and the interest payment burden worsens every months, official data shows.
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
SHAPING A NEW ERA OF CAPITAL DEVELOPMENT IN SOUTHEAST EUROPE
26 June 2018 • NewsIn the midst of a new stage of development for Southeast European (SEE) cities, with ever positive prospects, new local & regional capital emerging and large international platforms having made major steps in the region, BUCHAREST REAL ESTATE CLUB has been set – up to foster cross-regional business development, facilitate valuable connections building and impactful deals origination.
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.