Source: MortgageStrategy if (booMacIE==true){ document.write(strAdvertisement); } Investors are seeking alternatives to UK banks and building socities. A poll carried out at the ExCel Property Investment Exhibition in London revealed almost 40% of potential investors have particularly increased their interest in overseas property, as a result of this week’s

The Bran Castle in Romania - better known worldwide as Dracula’s Castle - comes first among the most expensive historical building with residential purposes in Central and Eastern Europe with a value of 140 million USD, according to a new Forbes list. The list includes buildings that have either been bought from the state, or returned [...]

Nanette Real Estate Group NV has bought a 31,000-square meter lot in northern Bucharest. The company plans to build a 900-unit residential complex on the site for €78 million, and expects €123 million in total sales proceeds.This is Nanette’s third project in Bucharest and its fifth in Romania. The company expects that Lehman Brothers private [...]

The number of shopping centres outside Bucharest has doubled this year from 9 to 18, and is expected to double again next year, as another 15 or 16 mall-type projects are scheduled for delivery outside Bucharest in 2008. In comparison, only four shopping centres were delivered elsewhere in Romania last year: in Sibiu, Ramnicu-Valcea, Constanta and [...]

The Rothschild banking family officially entered the domestic housing market last week in a deal worth 104 million euros for a 60 percent stake in three housing projects, which are controlled by the Israeli owners of Euro Habitat, the developer of Planorama project in Colentina. The three projects are located in Ploiesti, Brasov and Bucharest’s Colentina [...]

An international airport with an annual capacity of one million passengers will be constructed in two years, at the most, in the central locality of Ghimbav, close to the city of Brasov. The investment will total 100m euros. The registration act of the company International Airport Brasov Ghimbav was signed last week at the Brasov [...]

The campaign to put up a tourism brand for Romania saw a 2 million euro budget approved on Wednesday by the Government. Other 9 million euro will be spent on promoting Romania in Spain and Italy, also using state funds. At least four attempts to create such a brand took place in the past few [...]

Real estate transactions soared by 150% in 2007 compared to the previous year, making the country the most booming property market in the Balkans. Romania’s real estate business was worth more than €2 billion last year, with the most significant transactions involving the sale of office space in Bucharest and the country’s cities, local news agency [...]

Low fares airline Blue Air which is based at Bucharest Baneasa airport is to launch scheduled flights from Cyprus to Romania next March. Blue Air new service from Larnaka to Bucharest will commence on Sunday 30 March 2008 with direct flights operating three times per week on Tuesdays, Thursdays and Fridays. Flights from Bucharest to [...]

Romania has an efficient mortgage system in terms of the ease of procedures, costs, security and adequacy to market requirements, according to a report on “Mortgages in transition economies” released by the European Bank for Reconstruction and Development (EBRD). The report looks at the legislative framework and the mortgage market in 17 Central and Eastern European [...]