Overall property investment volumes in Central and Eastern Europe (CEE) amounted to €8.0 billion by the end of September 2011. This is twice as high when compared to the same period last year, with September marking the strongest results for 2011 to date, according to the latest data from CBRE. Following the continuous domination of Polish and Russian transactions in recent quarters, the Czech Republic has been the most active country in terms of investment volume in the third quarter (Q3) of 2011. The reasons for this include some large transactions closing in the Czech Republic as well [...]
Mohammad Murad To Invest EUR20M In Romanian Seaside Hotels By 2014
Lebanese-born businessman Mohammad Murad intends to invest some EUR20 million over the next two years in four hotels on the Romanian Black Sea coast, and sell other five hotels he owns in seaside resorts. source: Ziarul Financiar
Bucharest follows sustainability path
Romania is starting to acknowledge the need for efficient urban resources and has already taken important steps in this area: the law granting green certificates for energy producers from renewable sources, the Casa Verde program, the thermal efficiency of buildings and the pilot project for the first eco-district in Bucharest. This topic was debated today during the SymbioCity seminar, organized today by the Swedish Trade Council, The Swedish Foreign Affairs Ministry, and the Sweden Embassy in Bucharest. Also, 6 Swedish companies attended the event. SymbioCity reflects all Swedish knowledge [...]
Bucharest, high up on list of European cities where to do business, report finds
Bucharest ranks among the best cities for business, being the biggest riser in this year’s survey of best European cities in which to do business, up eight places from the 35th to 27th position, according to Cushman & Wakefield. “Bucharest offers high-class office buildings with very attractive financial terms. These are important factors for companies looking to lease new premises for their business, or relocate their current operations. Recently, Bucharest’s infrastructure has been improved and there are plans for further development. This will improve accessibility for the [...]
A 7-Magnitude Quake In Romania Would Cause Property Damages Of EUR4.8B – Survey
An earthquake similar in intensity to that which shook Romania back in March 1977 might cause real estate damages of EUR4.8 billion, considering that the total value of homes in Romania is estimated at EUR105.6 billion, according to surveys cited by joint insurance company PAID. source: Ziarul Financiar
Three business centers in Cluj with money from the EU
Several local companies have submitted projects to obtain EU funds through the Ministry of Regional Development and Tourism. The industrial park will be Dej complex with offices and warehouses Cluj companies interested to develop such centers supported by Axis 4.1, which aims to develop sustainable business support structures of regional and local importance are Dej Arc Park, Wood Green and Jag, Minister of Development said in Cluj. "Spring Park is one of the investors on sustainable business support structures of regional and local development project with a business support [...]
Europeans most likely to invest more in real estate, survey shows
Only 43% of European real estate investors report any increase in risk appetite since early 2011, compared to 46% globally, and 64% in Canada where investors show the biggest uplift in risk appetite, new research shows. According to the Colliers International 2011 Global Investor Sentiment Survey, which takes the pulse of property investors worldwide, measuring their appetite for risk, optimism, key concerns and sense of market cycles, Europeans are more likely to increase their property holdings. However, stock remains a concern with 49% reporting the supply of ‘for sale’ property [...]
C&W: Central European investment volumes to reach €6 billion in 2011 (EU)
Investment activity in Central Europe continues to accelerate, with €2.32 billion invested in the core real estate CE markets of Poland, Czech, Slovakia, Hungary and Romania in Q3 2011 according to the latest report from global property consultant, Cushman & Wakefield. This is significantly ahead of the €706 million invested in Q2 2011. Year to date, investment volumes for the region stand at €4.61 billion, more than double the €1.95 billion invested over the same period in 2010. Given the volume of transactions now in due diligence and expected to close in Q4, it is anticipated [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
