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.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
