homes
24 articole · RSS
Many Bucharest homes now worth significantly less than purchase price
At least ten thousand Bucharest inhabitants who bought apartments in the first half of 2008, when prices had peaked, are seeing their home’s value spiral down as days go by, and in most ca...
Developers cut profits in bid to start selling homes again
Home developers in Bucharest have operated significant price cuts over the last few months, which is cutting their profits by up to 50%, considering that in at least 10 residential complexes...
Copper Beech wants to build 17,000 homes
Diwaker Singh, CEO, chairman and shareholder in developer Copper Beach, also known in Romania for his stint with Telemobil (Zapp), wants to build 17,000 homes on a market that is showing the...
Supply of new homes in Bucharest is a quarter of demand
Real estate developers will deliver around 40,000 new apartments onto the Bucharest market in the coming five or seven years, three times lower than the demand, estimated at 130,000 units, S...
More homes delivered in Ilfov than in Bucharest
Bucharest continues to expand outwards, as the inner city gets ever more crowded by the day. More than 19,000 homes were built in Ilfov county (which surrounds Bucharest) in the first three...
New homes take concrete market to 350 million euros
Concrete consumption has grown by 15-20% on the average over the last few years and will reach about 350-370 million euros this year, because of investments in the residential sector and the...
Buyers of new homes built by individuals must pay VAT
Individuals who sell properties that are less than two years old, and are not used for housing purposes, must register with the Romanian fiscal authorities as VAT payers and collect the tax...
Copper Beech spends 2.5 euros to build 16,000 homes
Copper Beech group, controlled by British investors, will invest around 800 million euros in the development of a large real estate complex in the North of Bucharest, which will include 1,80...
Provident loans in the homes of 13,000 Romanians
In its first year of operations in Romania, consumer credits company Provident Financial, a member of the British company International Personal Finance, has dealt with over 13,000 clients,...