The share of Romania's credit property purchases increased 40 percent in H1 2024 from the same period in 2023, shows a survey by real estate agency Re/Max Romania released on Tuesday.Among the factors that determined the increase in lending for home purchases were the reduction of bank interest rates and bank dedicated offers."The specific of H1 2024 was a more active approach by real estate buyers, reflected in a 5 percent increase in the volume of sales, and an increase by about 8 percent in the value of properties compared to the same period of the previous year. The positive evolution in this segment is mainly due to the reduction of mortgage loan interests and the increase in property selling prices. The banks' offers for this product also determined a 40 percent increase in the percentage of properties purchased through credit compared to the first half of the previous year," the cited source said.On the other hand, rental transactions went down compared to the year-ago period.The statistics of the real estate consultant shows that most of the deals arranged by Re/Max Romania agents were in the residential segment - approximately 90 percent of the total transactions, and only 10 percent were in the commercial and industrial area.The most sought-after housing types were two-room apartments, followed by houses and apartments with three or more rooms. Also, old apartments stood out among the Romanians' preferences, to the detriment of new ones, as well as properties located on city outskirts.In terms of value, one of the top deals brokered in the first six months of the year by Re/Max Romania consultants is an industrial property in Brasov, which sold for EUR 2.1 million, as well as two residential plots located in Bucharest and in Brasov, which sold for over EUR 2 million, and EUR 1.5 million, respectively.In Romania, Re/Max runs the largest network of franchised real estate offices, having about 60 franchises and over 700 members.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
