Real Estate & Other News in Romania from Propertyshowrooms.com

Investors' interest in Romanian real estate rises

Mon, 13 Feb 2012 00:00:00 GMT

Investors have been showing a greater interest in purchasing land and property in Romania.

This is the finding of IMOPEDIA, a Romanian real estate website, which recorded a 28 per cent increase in 2011 in the number of enquiries relating to assets in built-up areas, compared to 2010, Global Property Guide reported.

According to the organisation, a fall in the value of property in Romania has helped encourage more investors to consider making a purchase in the country.

Razvan Muntean, general manager at IMOPEDIA, told the publication: "The interest for land follows a positive trend, quite stable, which has not been influenced by external factors, such as the First House governmental buying program."

However, he advised potential purchasers to conduct thorough research, as some assets may be a long way from the main road or not have access to utilities like water and electricity.

While it appears interest in residential Romanian property may be on the rise, head of valuations and consulting at DTZ Echinox Bogdan Sergentu recently revealed the volume of money invested in the nation's commercial real estate markets fell by 13 per cent in 2011, compared to the previous year.

Romanian real estate market 'changing'

Wed, 9 Nov 2011 00:00:00 GMT

Many of those involved in the Romanian property sector are unsure of what to expect over the coming years.

Delegates at the 11th Romanian Real Estate Market Forum expressed uncertainty over the course of the industry.

The event, which was organised by Business Review, brought together developers, estate agents and consultants to discuss the state of the sector and what can be done to move things forward.

Speaking to the news provider, chief executive officer of property developer Tagor Capital Ofer Drori-Lieberson commented that there are some signs of change, but that these are not always easy to see.

He stressed that Romania needs to focus on its domestic market and "stop waiting for signs of stabilisation from Europe".

"The days in which investment funds bought apartments are gone for a while and this is not necessarily a bad thing because the domestic potential is great," Mr Drori-Lieberson stated.

Earlier this month, More Real Estate chief executive officer Ilias Papageorgaidis told Romania-Insider.com that the Old Town of Bucharest has potential for investors, because many of the properties in this part of the city are in need of renovation.

Romanian president protects rights of pre-communist property owners

Mon, 21 Jul 2008 00:00:00 GMT

The President of Romania has flung out a new property law because it cancels the right of people to buy back their properties that were confiscated during the Communist era...