13 % Of Britons Eye Property Purchase In Bulgaria, Romania

One in seven Britons is considering purchasing property in Bulgaria or Romania, following the countries' EU accession at the beginning of this year, according to a new survey. The number of foreign visitors to Bulgaria went up by 8.3 % last year, bringing the total in 2006 to 1.5 million, while visitors to Romania went up from 800,000 in 2000 to 1.4 million in 2004, the study by MRI Overseas Property found out. More

Romania To Build 2000 Km Of Motorways During 2008-2018

The government plans to open 200 km of motorway per year during 2008-2018 to upgrade Romania's transportation system, Romania's Minister of Transports, Construction and Tourism Radu Berceanu said on Wednesday. Currently, funding for Romania's motorways construction has primarily come from state budget or from European funds. More

Investors And Managers Buy 70% Of Available New Flats In Bucharest

A total of 1,400 homes were sold in seven of the biggest new residential complexes in Bucharest by December, that is 70% of the available supply in such complexes thus far, according to the real estate consultancy companies involved in the sale of these homes. More

IUE Leader Imobiliare To Build Residential Complex

Spanish company IUE Leader Imobiliare purchased a 4.3-hectare plot of land on Lujerului Street in Bucharest, previously owned by Electrotehnica, for which it paid 30.6 million euros. More

Phoenicia Worth At Least 22 Million Euros

Phoenicia hotel, owned by Triumf Construct company, is worth at least 22 million euros, according to data published in the Official Gazette regarding a series of credits granted to the company. More

Romanian Property Investment "safe"

Buying property in Romania is safe, as long as you work with reputable companies when making your purchase, according to an industry expert. more

Dracula's Castle Up For Sale

The Habsburg family said Wednesday that it wanted to sell a Transylvanian castle famous for its connections to the 15th century medieval ruler who inspired "Dracula" for $78 million to the local authorities, an attorney said. More

 

Iulius Group To Invest 250m Euros In Suceava, Cluj And Iasi

Iulius Group will invest 250 million euros in two malls in Cluj and Suceava and a mixed real estate project in Iasi. The investments of Iulius Group, a company held by Iulian Dascalu, on the Romanian real estate market will reach 350 million euros until 2009. More

EUR 50 M Golf Club, Near Bucharest

Swiss Golf & Leisure Development has begun the project of the biggest golf club in Romania – Golf and Country Club Bucharest, a project that needs total investments worth EUR 50 M. The project is located less than five kilometres to Bucharest, in Zurbaua commune, between Chitila and Buftea. The construction works will start in March, and construction finalisation is planned for September 2008. More

2 New EU Members Enjoying Property Boom

Buzesti Street used to be one of the shabbiest parts of Bucharest with crumbling, Communist-era structures and one of the city's roughest markets. Now, gleaming multistory buildings have turned the area into one of the capital's new business centers — testimony to a property boom sweeping Romania and Bulgaria, the newest members of the European Union. "It used to be hell here," said Toader Grigoras, a 55-year-old priest who has lived in the neighborhood for more than a decade. "It's good now that all the mountains of garbage have gone, but there's a lot of noise." More