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.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
