VAUNT, the sales management platform dedicated to residential developers, which also develops a marketplace for investors interested in buying apartments in Europe, reported client transactions of around EUR 210 million in the first months of the year. More than 70 clients manage over 20,000 properties for sale or rent through VAUNT, in addition to those already sold in the tech startup’s 3 years of operation. VAUNT facilitates the sales process for real estate developers through a series of modules it provides for lead management, marketing campaigns, closing contracts, transaction tracking and more. In the first 6 months of the year, 14 new Romanian residential developers started using VAUNT. In total, VAUNT customers manage over 20,000 units on the platform. The most important trends of this half of the year, according to data aggregated by VAUNT, indicate: Buyer’s preference for 2-room apartments Fewer but more valuable transactions – the average value of a transaction being approx. EUR 115,800 The development of the city of Constanta as the next real estate hub, both for the residential market and for the other verticals The third quarter comes with positive results for VAUNT and its partners, who managed through the platform properties sold with approximately EUR 103 million in transactions. VAUNT aims to expand its client portfolio both in Romania and in the region. VAUNT Market emerged in a context where the local and regional markets have not yet fully stabilized, but the potential for return on investment is high. VAUNT Market is a marketplace for properties in Europe, which also comes with know-how and support for those interested in purchasing one of the apartments curated by the VAUNT team. Interested investors currently have the option to sign up for a waiting list. After the marketplace is officially launched they will benefit from access to European properties, as well as advice on the purchase of an apartment. “Romania’s entry into the OECD brings benefits for the residential market. It will show that we are a stable country from an investment point of view, we will enter economic statistics, we will become much more attractive for new projects both residential and commercial or mixed.” – Irina Constantin, CEO & Co-founder at VAUNT.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
