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Monthly Romanian
Real Estate News 2006 & 2007

2007
2006

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Economic & Real Estate News Timeline
July 2007

4 July 2007

Westhill To Invest €100 Mln In Romanian Retail Projects

Westhill, a British provider of consulting and real estate development services, is set to invest €100 million ($135.3 million) in the development of two retail projects, a mall and a retail park, in two Romanian cities. More

EBRD Financing Boosts Romanian Regional Property Sector

Romania's regional cities will benefit from new employment and retail opportunities at brand new commercial centers built with the help of an €80 million EBRD loan. More

Aura Obtains EBRD Credit Line For Romanian Projects

The financing is for the building of three malls: Galleria Buzau, Galleria Suceava, and Galleria Piatra Neamt, all due to open this year. More

Price Per Square Metre In Bucharest Up About 27% In The First Half

The price per square metre in the Capital has risen by 27% in the first half of the year, reaching 1,564 euros, according to research by ZIARUL FINANCIAR, based on the ads published in the biggest such publication in Romania, anuntul.ro. The research was conducted on three-room flats built between 1980 and 1990. Thus, a three-room flat moderately close to the centre has risen in price from 80,000-90,000 euros to 110,000-120,000 euros. More

 

13 July 2007

Romanian Property Market Ripe For Investment

The combined effects of prospective entry to the EU and economic reform have made the Romanian property market one to watch for UK investors, it has been claimed by a leading expert. More

ING Real Estate Buys Felicia Shopping Centre Gallery In Iasi For 40m Euros

ING Real Estate Management (ING REIM), the real estate investment arm of ING Group will buy the shopping gallery at the Felicia retail project in Iasi in a deal worth around 40 million euros, according to sources on the market. More