Nearly two-thirds of Romanians (64%) report that their housing costs increased in the past year, although in Romania, homeownership is markedly high, with 85% of respondents owning at least one property, which is well above the European average, according to Re/Max Europe's European Housing Trend Report 2024.Additionally, 30% of Romanian homeowners own a second property, but only 35% of respondents feel comfortable with housing costs. Nearly two-thirdsof Romanians (64%) report that theirhousing costs increased in the past year.Romanians place a high value on energy efficiency and newbuild properties, they are less concerned with being close to friends and family, with only 12% prioritising that. This is notably lower than in many other European countries, indicating that Romanians may be more focused on the practical aspects of their housing choices rather than social proximity.As many as 44% of Romanians think affordability is more important than location. Almost one third of potential home buyers would like their apartment or house to have access to nature/green spaces, while 37% of them would like to own some sort of outdoor space - balcony, terrace or garden.About a quarter of them (22%) would move abroad for a more affordable life.As many as 69% of Europeans own the home they live in - and a quarter of these homeowners own a secondary residence.These secondary properties are primarily used for holidaying or retirement.Increased government support could have substantial influence on the uptake of sustainability measures; 48% of adults report that government incentives would motivate them to install energy-efficient measures.In Romania, Re/Max is the largest network of franchised real estate offices, with the largest number of real estate agents, currently having over 60 franchises and over 700 members.Worldwide, the company founded in 1973 in Denver currently has more than 140,000 affiliated agencies in 8,300 offices in 110 countries. In Europe, Re/Max operates in 40 countries, with over 2,200 offices and 30,000 agencies.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
