Real Estate & Property Investment News in Romania from Propertyshowrooms.com

Property investment activity dips in Romania

Mon, 6 Feb 2012 00:00:00 GMT

There has been a decline in the level of investment flowing into the Romanian commercial property sector in 2011.

Head of valuations and consulting at DTZ Echinox Bogdan Sergentu explained the amount of money invested in Romanian real estate dropped by 13 per cent in 2011, compared to the previous year.

Bucharest was the main target for those seeking such assets in the country, with developments in the city accounting for six out of the 13 transactions completed last year.

Mr Sergentu added 69 per cent of the total investment volume for 2011 was spent on mixed-use developments, despite a greater number of deals being agreed in the retail sector.

However, it appears the new year has started well for the nation's commercial real estate sector, with Romania Business Insider reporting this week (February 2nd) that New Europe Property Investment - a South African-based fund - has purchased the City Business Center in Timisoara.

The complex comprises three office buildings, with two more premises still to be constructed.

Managing director for Jones Lang LaSalle in Romania Troy Javaher explained it is the "first major institutional office transaction outside Bucharest".

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.

Could Bucharest Old Town become a property investment hotspot?

Mon, 7 Nov 2011 00:00:00 GMT

The Old Town district of Romania's capital Bucharest is in need of refurbishment, with foreign investors showing an increasing interest in properties in this area of Romania.

Speaking to Romania-Insider.com, chief executive officer of More Real Estate Ilias Papageorgaidis noted that approximately half of the buildings in this part of the city have yet to be renovated.

He explained that of the properties that have been refurbished, the majority were converted for leisure use, with a small percentage accounted for by retailers.

However, Mr Papageorgaidis is not overly optimistic about new investment flooding into the district any time soon.

"Right now, the interest of foreigners is multiplied, but I doubt they find many opportunities to invest," he told the publication, adding that this is largely down to the small number of owners who hold assets in Bucharest's Old Town.

This part of the city is also dotted with historical attractions that make it popular among tourists, including the remains of the Old Princely Court, the Old Court Church and the Old Court Museum, which displays archaeological finds from the fort that used to stand here.

'Potential' for Romanian real estate

Tue, 27 Sep 2011 00:00:00 GMT

There could be significant growth in Romanian property prices over the coming months and years, one expert has asserted.

Speaking to the Independent, Philip Moorish from Growth Equities and Company Research, explained that while the nation's economy is rapidly expanding, values of real estate have yet to see high price growth.

According to the news provider, Romania is currently seeing its gross domestic product increase by four per cent, well above the EU average of 1.6 per cent.

Mr Moorish made his comments about the state of the eastern European country's prospects following the news that Argo Real Estate Opportunities (Areo), has purchased two shopping centres in the region and aims to make further acquisitions.

The publication noted that Areo sees "a huge opportunity" in the nation and intends to become "the dominant developer, owner and operator of international-quality retail parks and shopping centres in Romania and the region".

However, the same may not be said for residential property, with a report in Global Property Guide earlier this month revealing that house prices in the nation declined by anywhere between ten and 20 per cent in 2010, depending on the figures used, with values continuing to slide this year.

Foreign property buyers should 'get the right advice'

Thu, 5 Aug 2010 00:00:00 GMT

People investing in property abroad should ensure they consult the right people and pick homes located in lucrative locations, it has been claimed.

According to Paul Collins, editor at the BuyAssociation, many people fall into the trap of picking property that is isolated, which can easily reduce return-on-investment.

He claimed that all property buyers should ensure their investment is within reach of adequate local facilities such as healthcare clinics, shops and leisure centres - local knowledge that is often available through firms specialising in foreign property sales.
Mr Collins added that another common problem facing those considering buying property abroad is the local legal system.

"Something we come up against time and time again is people having used the same lawyer as their developer or the seller of the house and run in to all sorts of problems that way," Mr Collins concluded.

Overseas property searches dropped between May and June of this year, but were still up of 2009 figures by 138 per cent, according to new research from Primelocation.com.

Romanian property investors could be hit by 'solidarity tax'

Mon, 28 Jun 2010 00:00:00 GMT

UK investors may want to ensure that tenants are situated in their buy-to-let properties in Romania following the decision to implement some additional taxes in the country.

The Romanian government has introduced a host of new taxes in a bid to improve the state of its budget deficit, some of which relate to the property market.

One of the developments may affect those with more than one property investment in the country, particularly if the buildings are currently unoccupied.

Owners of two or more properties will be required to pay a 'solidarity tax' if none of the properties are being rented.

Other areas in which the Romanian government are looking to bring more money to the budget is through taxing royalties and daycare vouchers handed out by employers, while pensions and welfare payments were only recently cut by 15 per cent.

A lack of foreign investment in Romanian housing units was set to cause land values to fall in the country, a report in a Romanian newspaper predicted last year.

New Romanian airport confirmed

Wed, 13 May 2009 00:00:00 GMT

The Romanian parliament has given the green light to a new project to build an airport for the city of Brasov.

Romania's Chamber of Deputies voted for the new transport hub to serve the location, which is 166km from Bucharest, Balkantarvellers.com reports.

Being located in the heart of the country, Brasov offers manageable travelling distances to the Black Sea, the Carpathian mountains and southern Transylvania, the site noted, factors that may interest those thinking of buying property in the country, not least to rent to tourists.

One local attraction is Bran Castle, often mistaken for the home of Vlad the Impaler by Dracula fans.

Romania's National Real Estate Fair last week saw many bargains on offer as developers sought to increase discounts to attract buyers, standard.ro reported.

Prices were dropped by between 20 and 30 per cent, with other incentives such as free parking spaces and furniture among the extras being offered.

Romania real estate sales hit slump

Mon, 2 Mar 2009 00:00:00 GMT

Sales of real estate in Romania dropped by over 27 per cent last month, new figures have revealed.

Data from the public notaries' national union revealed that 17,302 transactions took place in January 2009 compared to 23,778 in the same month last year - a decrease of 27.23 per cent, Balkans Business News reports.

And the fall widened to 43.22 per cent when compared with data from January 2007, when 30,474 deals occurred.

Vice president of the union Ion Marin told the news source that previous easy access to bank loans had created an imbalance between supply and demand in the country.

He added that the credit crunch has made people think twice about making a purchase, noting that job insecurity means sales may not necessarily pick up even if banks relax their lending criteria.

Romanian newspaper the Standard recently claimed that values of land in the country may fall by up to 90 per cent during the course of 2009, while the cost of property may decrease to half of the highs seen in 2007.

Romanian land values 'will drop 90 per cent'

Sat, 21 Feb 2009 00:00:00 GMT

The value of land in Romania could drop by up to 90 per cent during 2009, it has been claimed.

According to Property Secrets, a report in Romanian newspaper the Standard has suggested that the value of housing units will also be halved from their 2007 levels due to the lack of foreign investment.

The statement comes from the valuation and consultancy firm Darian, with general manager Adrian Crivii stating that there is no overseas investment scheduled to take place in the country during 2009.

He noted that the only interest may come from those who want to take advantage of cheap properties, something which investors looking to buy property abroad may wish to consider.

Mr Crivii added that purchases can still be made despite the economic climate, telling the news source: "The sign that the market is rebounding will come from the country in which the crisis started."

Earlier this month, BNP Paribas told media fax that there is an opportunity for Romanian property developers to build cheaper housing, noting that they must adapt to a changing market.

Romania developers 'should build low-cost property'

Tue, 10 Feb 2009 00:00:00 GMT

It is currently a good time for property developers in Romania to begin constructing cheaper housing, one real estate group has argued.

Henri Faure, deputy executive director of BNP Paribas, told Mediafax that real estate prices in the country are currently too high for investors and there is an opportunity for construction firms to develop low-cost homes worth up to 100,000 EUR (87,000 GBP), Romanian newspaper Curierul National reports.

Should such properties be built, investors looking to make a purchase in the country may find themselves with greater choice.

"The developers must adapt to market needs, to study better its future development. The development of such housing could be a solution to unblock the market," Mr Faure told the news source, adding that if finance becomes more readily available then the property market in the country may open up in the second half of the year.

Skyscanner recently described Romania as an ideal holiday destination, noting that it remains cheaper than other countries despite the falling value of the pound.

Romania 'remains good value'

Thu, 5 Feb 2009 00:00:00 GMT

Romania is one eastern European holiday destination that may see an influx of visitors due to the current strength of the euro, it has been suggested.

According to Skyscanner, the country is among a group of locations that remain good value despite the falling value of sterling in the eurozone.

The website explained that Romania is still "relatively cheap" when compared with other destinations, a statement that property investors who have been considering a purchase in the country may welcome.

Head of marketing at Skyscanner Rob Innes noted that while the pound has been "severely hammered" by the euro, affordable destinations are still available for those that look hard enough, adding: "Don't rule out the eurozone quite yet."

According to Romanian newspaper Gandul, property prices in the country are set to drop by as much as 60 per cent, with real estate firm DTZ Echinoz expecting falls of up to 30 per cent in the luxury sector.

Romania property prices 'set to fall'

Thu, 22 Jan 2009 00:00:00 GMT

Prices of Romania property are expected to fall by up to 60 per cent during 2009, it has been predicted.

According to Romanian newspaper Gandul, the coming months are likely to bring similar market conditions to those seen in 2008, when prices in and surrounding the capital Bucharest dropped by between 40 and 50 per cent, Balkan Travellers reports.

Ionut Ciocan, senior consultant at real estate firm DTZ Echinoz, told the news source that reductions of between 30 and 60 per cent are expected across the sector, with the values of more upmarket properties expected to decrease by between ten and 30 per cent.

"The sellers are on the market but more and more of them are squeezed by loans, while buyers don't tend to offer as much money as before," he was quoted as saying.

Earlier this month the BBC noted that Romania is one country that may become popular among British tourists looking for alternative holiday destinations during the credit crunch.

Romanian real estate market in freefall - still going?

Fri, 16 Jan 2009 00:00:00 GMT

After a round of optimistic predictions, including my own, regarding the state of its real estate market, it looks like the price of flats and houses is going down across Romania, following the international trend. Under the pressure of the media, putting up big signs for a catastrophe, buyers started to back up big...

Romania recommended for holidaymakers

Wed, 14 Jan 2009 00:00:00 GMT

The region of Transylvania is likely to attract some of the world's more adventurous tourists this year, according to the Independent.

Although this area of Romania remains most famous for being the home of Count Dracula, the newspaper found that it also has much to offer holidaymakers who enjoy heading off the beaten track.

Visitors to Transylvania will find a "beautiful, unspoilt landscape", spectacular medieval castles and affordable ski resorts.

Indeed, the variety of attractions on offer in Transylvania caused the Independent to conclude that "this complex and exciting region makes a superb holiday destination".

Visitors to Transylvania may find themselves captivated by their surroundings to the extent that they purchase a property in the region, as Prince Charles reportedly did.

The prince is said to own a house in the village of Viscri and makes regular visits to the area.

Traian Badulescu of Romanian tourist association ANAT recently said that the country's tourism sector is expected to continue its "upward path" in 2009.

Visit our off-plan property Romania page.

Romanian tourism industry expected to maintain growth

Tue, 30 Dec 2008 00:00:00 GMT

Tourism experts in Romania expect the country to continue its development into an international travel destination in 2009.

Traian Badulescu, a consultant at Romania's tourism association ANAT, said that the country's tourism sector will "continue its upward path" next year, despite the global economic slowdown.

Property owners in Romania are likely to be encouraged by Mr Badulescu's comments, which included a prediction that visitor levels will increase by 10% over the next 12 months, Romanian website Wall-Street reports.

He said: "The tourism industry in Romania is undergoing an uptrend and it is not yet a mature market.

"This is why in 2009, the market will continue its upward path, even if the pace will be slower than in earlier years."

Romania's economy saw year-on-year growth of 9.1% in the third quarter of 2008, according to recent government statistics.

Visit our off-plan property Romania page.

Tour operator reveals popular Romania destinations

Thu, 18 Dec 2008 00:00:00 GMT

Transylvania and the Carpathian mountains are two of Romania's most attractive locations, one tour operator has suggested.

According to Transylvania Live, this region of the country features a number of popular destinations, such as the Bran, Peles, Savarsin and Corvinesti castles.

And Professor Duncan Light from Liverpool Hope University explained that tourism to such areas - which are synonymous with the legend of the vampire Dracula - can help boost the overall perception of the country.

"I agree with those people who say that Dracula is a way to get foreign tourists into Romania, creating an opportunity to show them all the other things the country can offer," he remarked.

Property investors looking to make purchases in Romania may wish to do so in these areas, as visitors who travel to the country to visit such attractions may decide to rent property in the area.

Real estate firm DTZ Echinox recently suggested that Romania's residential rental market is likely to grow further in 2009.

Romania rental supply 'will increase' in 2009

Wed, 17 Dec 2008 00:00:00 GMT

Romania's residential and luxury property rental market is likely to increase to new highs in the coming year, it has been suggested.

Financiarul reports that real estate firm DTZ Echinox has cited a number of reasons for this prediction, including the fact that many people who already own an existing property in the country have purchased further housing for investment purposes.

The growth in the rental market has also been attributed to the fact that many investors who purchased property to renovate and sell on for a short-term profit have been "caught on the wrong foot" by market developments and now will not see a return on their investment if they choose to sell, forcing them to let the homes out instead.

Financiarul recently reported that the prices of some Romanian real estate property - including malls and office buildings - have fallen up to 35 per cent since January 2008.

Romanian Property Prices have fallen 30 percent this year

Fri, 12 Dec 2008 00:00:00 GMT

The value of real estate in Romania - malls, office buildings, houses and land – has declined by an average 30-35 percent since January, after a sound 15 percent annual increase since 2004, according to Colliers International consulting company Managing Partner, Bogdan Georgescu...

Romania ski resorts still undiscovered

Fri, 12 Dec 2008 00:00:00 GMT

A travel expert has lamented the fact that Romania's ski resorts do not receive more attention from winter holidaymakers.

Speaking to the Independent, Stevan Popovic said that Romanian resorts such as Poiana Brasov offer spectacular views and reasonable prices, with a high standard of facilities and tuition, but remain relatively unknown among many skiing aficionados.

Senior product manager for central Europe with tour operator Inghams, Mr Popovic described Poiana Brasov as "an ideal learn-to-ski destination", as Romanian instructors are often more qualified than their counterparts in other European ski resorts.

"I don't understand why more people don't go there," he said.

"Poiana Brasov is a purpose-built resort set in a beautiful bowl … And the standard of skiing tuition is extremely high."

According to recent figures from Romania, the country's economy achieved year-on-year growth of 9.1% for the third quarter of 2008.

Visit our off-plan property Romania page.

British holiday drivers choosing Romania

Wed, 26 Nov 2008 00:00:00 GMT

Romania is an increasingly popular destination for UK holidaymakers, according to new statistics.

Vehicle rental company easyCar.com reports that the number of rentals it organises in the country has risen by 540% over the past year – the largest increase in any European nation.

The firm conducted a survey which found that 45% of people are not putting their holiday plans on hold, despite the economic downturn.

Instead, many holidaymakers are opting for more budget-friendly destinations in eastern Europe, such as Romania.

"While the credit crunch is indeed causing people to think more about how they are spending, it's not dampening the nation's holiday spirit," commented Bill Jones, chief executive officer of easyCar.com.

"Instead of seeing customers stall their plans to go away, they're opting for locations that will make their money go further."

The Guardian travel blog recently identified Romania's Carpathian Mountains as a tourist attraction which is set to attract more visitors in the next few years.

Visit our off-plan property Romania page.

Romanian mountain range could attract more visitors

Wed, 12 Nov 2008 00:00:00 GMT

Travel experts believe the Carpathian Mountains in Romania have the potential to become one of Europe's major tourist attractions.

According to the Guardian's travel blog, the mountain range could "become the new Alps" in a few years' time, with Romania more accessible to UK travellers due to the increased availability of low-cost flight connections.

Described as one of the most "naturally interesting" regions in Europe, the Carpathians are renowned for their stunning views and diverse wildlife, with large carnivores such as bears, lynx and wolves living among the peaks.

Schemes to raise awareness of the mountains as a tourist destination without endangering its ecology are now underway, with the newly-ratified Carpathian Convention establishing international guidelines for development in the area.

In addition, a forthcoming report from the Danube and Carpathian Programme will offer businesses advice on setting up sustainable practices in the region.

The arc of the Carpathians covers an area of approximately 1,500 kilometres and passes through Czech Republic, Slovakia, Poland and Ukraine as well as Romania.

Visit our off-plan property Romania page.

Romania tipped to see strong growth

Fri, 12 Sep 2008 00:00:00 GMT

Romania's government has confirmed that its economy is likely to see growth of up to 8% this year.

The positive estimate was given by finance minister Varujan Vosganian, who added that officials are already working on revising their GDP projections upwards.

Analysts in the property industry have welcomed the news, with Homes Overseas magazine for example saying this could be good news for those who have invested in Romania.

The publication said: "Strong economic growth could further boost the the country’s property market which has been going from strength to strength in recent years."

Homes Overseas added that house prices in Romania have gone up considerably in the last few years, partly as a result of its accession to the EU back in 2007.

Property investors were recently boosted by the news that Wizz Air is planning to expand in the country before the end of the year.

The low-cost airline confirmed that it would begin operating direct flights from Cluj to Paris Beauvais in December 2008.

Visit our off-plan property Romania page.

Wizz Air announces new flights from Romania

Fri, 5 Sep 2008 00:00:00 GMT

Low-cost airline Wizz Air has announced that it is to continue expanding across mainland Europe.

The carrier will begin operating direct flights between Cluj in Romania to Paris Beauvais, France in December 2008.

Wizz Air will offer passage between the two destinations three times a week - a move which further opens up Romania to consumers in western Europe.

This could enhance the appeal of the country among various groups, such as holidaymakers, business travellers and overseas property buyers.

Commenting on the new flights, the airline said: "Paris Beauvais is a well-established airport of Wizz Air, but it will be the first route of the company to France from Romania."

This comes after Wizz Air confirmed that it will open up a new base in Romania next year.

The carrier's new facility will be situated in Timisoara and will handle a number of new routes to places such as Rome, Milan, Venice and Dortmund, as well as London, Barcelona and Paris.

Visit our off-plan property Romania page.

Prices rising in Romania

Thu, 28 Aug 2008 00:00:00 GMT

Property prices in Romania are rising steadily at the moment, providing investors with an attractive location in which to consider purchasing, it has been claimed.

Damien Thiery, a local market expert, noted that the statistics from the previous two years show that in some areas, prices have doubled, reports NuWireInvestor.

It is likely to be of interest to those looking for overseas property that specialists believe that the market is likely to continue expanding in this way for the next five to ten years.

Mr Thiery commented: "Despite the continuous rise of the prices of real estate properties, the market in Romania offers still the most attractive investment opportunities among all other countries in the EU."

The 150-mile Black Sea coast may offer attractive possibilities to buyers, while those looking for an investment that may require a bit of work could look into the Transylvanian countryside for an acquisition.

Standard & Poor's has listed Romania as one of its up and coming frontier markets in which investment could yield a strong return.

Visit our off-plan property Romania page.

Wizz Air expands in Romania

Fri, 22 Aug 2008 00:00:00 GMT

Low-cost airline Wizz Air has confirmed that will open up a new base in Romania next year.

The carrier's new facility will be situated in Timisoara and will handle a number of new routes across mainland Europe.

This will include services to Rome, Milan, Venice and Dortmund, as well as London, Barcelona and Paris.

As a result, Romania will be far more easily accessible to leisure and business travellers, which could in turn make it an attractive market for foreign property investors to consider.

Marian Chivu, operational director at Timisoara Airport, commented: "Our aim is the constant growth in terms of passenger numbers, and route development inside and also outside the European Union."

John Stephenson, chief commercial officer at Wizz Air, added that the move demonstrates the carrier's commitment to serving the Romanian market.

This comes after Ziarul Financiar revealed that tourist numbers in Romania increased by more than a quarter to 7.7 million last year.

Speaking after the release of the figures, the government said it was optimistic that this trend would continue during the next 12 months at least.

Visit our off-plan property Romania page.

Buyers should determine investment strategy

Thu, 21 Aug 2008 00:00:00 GMT

Overseas property investors have been urged to make sure they have firm reasons for buying a residence abroad.

Currency specialist FC Exchange stated that not every country suits certain investment strategies, which means that buyers will be drawn to a variety of locations.

For example, Romania was flagged up as an ideal destination for people who want to benefit from a fast-growing property market.

By contrast, France was described as a country which would better suit long-term investors, as it has a much slower rate of growth.

Nick Fullerton, managing director of FC Exchange, commented: "If you match the strategy correctly you will see the returns.

"If you’re looking for a quick return for instance there’s no point looking in France."

He added that overseas property should "firmly establish" their reasons for buying at the very beginning of the process.

According to market research group Datamonitor, people in the UK and Ireland currently own more than 3.8 million overseas properties.

High prices for medium sized land plots in Pipera

Mon, 4 Aug 2008 00:00:00 GMT

According to Thompson Financial, the Hungarian Ablon Group recently purchased a 40000sqm plot of land in Pipera for a medium-large development project. Although the position and the size of the plot are not imposing, the price paid is rather significant: €18.5M. On the purchased land, Ablon plans to build a number of 1000 flats, as well...

Rental prices for studio flats in Bucharest – autumn 2007 statistics

Mon, 4 Aug 2008 00:00:00 GMT

Rental prices are always a reality check for real estate investments – are the owners still getting good returns on their investment? Looking at this autumn’s offer, it seems that the rental market is on the rise, likely to have been influenced also by the arrival of the students for the new academic year. Once...

Otopeni Bridge comes close to both greenery and traffic

Mon, 4 Aug 2008 00:00:00 GMT

If you want to look for the busiest traffic spot in Bucharest, with a flyover, lots of heavy traffic, crowded ring road, even a railroad, and queues stretching for miles, there’s one place to go: the Otopeni bridge. With a flyover that is part of the busiest road in Romania (DN1 – national road 1)...

Trident pinpoints south of Bucharest for affordable flats

Mon, 4 Aug 2008 00:00:00 GMT

Trident is the latest residential development currently taking shape in southern Bucharest, in the Berceni area. Trident is a medium-sized project, consisting of three ten-story high blocks, including 109 apartments. Most of the units are studio flats (82 out of 109 flats), which makes them very attractive from a financial perspective to potential buyers...

How to get a portion of Ozone at less than 15 miles from Bucharest

Mon, 4 Aug 2008 00:00:00 GMT

After getting their share of city craze, packaged with pollution, noise, overcrowding and mad traffic, the medium-upper class in Bucharest is looking for alternatives to move out from all the…errr…civilization. The first wave was Baneasa – from spacious plots, positioned next to the woods or greenery, Baneasa became an expensive, over-posh, overcrowded and overpriced area...

The Spring arrives in Western Bucharest in 2008

Mon, 4 Aug 2008 00:00:00 GMT

The Ghencea area is most well-known for one thing: it is the home of the Steaua Bucharest football club. Beyond that, Ghencea used to be one of the North-West exit points of Bucharest, mixing poorer, outskirts housing, unused land, and a few industrial large beasts producing mostly pollution and noise ready to overwhelm the Bucharest....

Transgaz heats up the Romanian Stock Market

Mon, 4 Aug 2008 00:00:00 GMT

It’s been a while since anything but housing came up on the website. However, next week it’s a special occasion: the Transgaz shares go live on the Romanian Stock Market. Not having any financial analysts amongst my friends, I’ll keep this brief, more of an announcement. Transgaz Medias is the company that transports natural gas throughout...

Romfelt Plaza adds to the skyline of East Bucharest

Mon, 4 Aug 2008 00:00:00 GMT

The Colentina/Doamna Ghica zone is recognized as a good area for large development projects – the constructors of Rose Garden and Planorama already exploited the potential of the area with their blocks of flats. No surprise therefore that, on the (still available) plots of empty land more projects are shaping up. The latest one of...

The house prices crisis – is Romania next?

Mon, 4 Aug 2008 00:00:00 GMT

I’m not sure what the latest real estate news is the US, but at least in the UK I’m getting rather fed up with warnings about plummeting house prices. By all means I am not neglecting/ignoring the issue, but I believe that the overwhelming attention of the media is just fuelling the market fury...

Predictions for Romanian house prices in 2008 – slight fluctuations, mostly stagnating

Mon, 4 Aug 2008 00:00:00 GMT

Back in January 2008, Erste Bank published a report to comment on the evolution of house prices for 2008 in Romania. Although relatively unknown on the international scene, the bank is one of the big players on the Romanian market due to its acquisition, back in 2005, of the Romanian Commercial Bank...

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...

Peep Aaviksoo steps down from the board of IPC Investment Group

Mon, 14 Jul 2008 00:00:00 GMT

Estonian businessman Peep Aaviksoo has announced that he is leaving the board of IPC Investment Group that develops real estate and industrial interests in Romania...

Why is the Romanian Property Market Expanding?

Tue, 1 Jul 2008 00:00:00 GMT

The rest of the world is worried about the lack of credit available from mortgage lenders, the high levels of debt that many consumers and businesses have found themselves in, the gloomy economic prospects in the likes of the US and the UK and the fact that housing markets everywhere are starting to feel the pinch of all this negative financial energy…so why is the Romanian property market expanding? Seriously – why?

Still Not Convinced About Investment Property in Romania

Tue, 1 Jul 2008 00:00:00 GMT

We’re having sleepless nights here at Amberlamb – not a wink of sleep is being found as we toss and turn and ponder the property market in Romania. Now, the situation has arisen many time before when we can see the appeal in a market when all around are ignoring us – but never before have we had such a negative perception of a market and been so seemingly wrong. The trouble is we’re still not convinced about investment property in Romania – despite some online sources misquoting us and claiming we’re hot on the market, you know who you are guys, shame on you! But we’re apparently the only ones with less than a fair opinion of the potential to be had in Romania.