Land prices near Bucharest down 80%
Radu Lucianu, Managing Director of CBRE/Eurisko Romania indicated that the value of homes and apartments dropped by various percentages, depending on the area.
Articole cu tag-ul: Bucharest, prices
Biden to present U.S. strategy in Bucharest
The new U.S. Ambassador to Romania, Mark Gitenstein, served for many years as advisor to Vice President Biden in Congress.
WTC to build new Ibis hotel in Bucharest
The two hotels, both part of the Accor hotel group, will have the same management team, and share the same facilities, meaning a substantial reduction in costs, according to a statement for Business Standard by Axel Faivre, General Manager of WTC.
How many stores can Bucharest handle?
Cash&carry is the only type of trade nearing saturation. Discount stores, serving some 15,000 inhabitants, has the greatest potential, and this segment is the clear winner in this period of economic crisis, as prices are very important for shoppers. Hypermarkets and supermarkets also have room for expansion.
Bucharest Tower Centre’s owners out €400,000 a month
Owing to the fact that, according to sources, Tower Centre International’s representative in Romania, Florin Bratu, is to charge €30 per square meter in rent, and the building has 22 office stories (the other three are destined for technical departments), with some 600 square meters in usable space on each floor, the owners are losing ...
Offices in Pipera risk not finding tenants if rents remain high
Moreover, owners in this neighborhood must also compete against owners of office spaces to be delivered in 2009 and 2010, in areas such as Barbu Vacarescu and Floreasca, which provide easier access to Bucharest’s center, who are beginning to negotiate more flexible rents. “I do not believe that office building owners in areas such as ...
