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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
