EU Membership Could "boost" Romanian And Bulgarian Property Market

Bulgaria and Romania are poised and ready to host the next EU housing boom. Fly2let.co.uk has suggested the two countries in line to join the European Union will be the next big thing in property investment. Current housing restrictions in Romania make it difficult for foreign investors to own land there: a person must set up a Romanian company to purchase property.

ECE Close To Partnership For Sema Parc Mall

Local firm River Invest, developer of the mixed project Sema Parc, is close to entering a partnership with German developer ECE Projektmanagement to build the project’s mall, Liviu Birau, general director of River Invest, said last week. If the agreement is concluded, the mall will be ECE's first project in Romania. According to Birau, it will be finished towards the end of 2008. More

Residential Complex Worth 75m Euros, Near Bucharest

Couple Ion and Mihaela Dragan have sold an 85 ha plot, located 15 km South-West from Bucharest in Mihailesti, for 6.8m euros to Paradise Valley Invest, a company controlled by investors from Cyprus. More

Ibiza Invests 67m Euros In Real Estate Project In Baneasa

Spanish real estate group Ibiza House will invest 67 million euros in a real estate complex consisting of 304 flats in Baneasa, Bucharest, located behind the American International School. More

English And Irish Buy All The New Flats Available

Foreigners are rushing to buy property in Romania as soon as projects are launched on the market. The value of acquisitions has exceeded 30 million euros in Bucharest this year alone, according to the data supplied by real estate companies Colliers, Regatta and Eurisko. More

Charlemagne Capital Buys 50% In 110m-euro Asmita Project

The British Charlemagne Capital company, one of the most active buyers on the real estate market, has bought 50% in the Asmita Gardens residential project, which will be worth 110 million euros upon completion. More

Watch Out For Romania And Bulgaria Property Hotspots

Romania and Bulgaria are exciting property investors now that the two eastern European countries will be joining the EU in January of next year. 'Last month, 46% of all the overseas property enquiries we received related to Spain and France,' said Mark Bodega, marketing director at currency specialists HIFX. More

Immoeast Taps Into Retail Segment With A Project Exceeding 100m Euros

Austrian investment fund Immofinanz, the biggest buyer on the domestic real estate market, will enter the retail segment with a project exceeding 100 million euros. It has already spent more than 130 million euros on office projects. More