8/10/2019 Romassets - 8 Iulie 2014 - Real Estate and Investments News

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8/10/2019 Romassets - 8 Iulie 2014 - Real Estate and Investments News

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Brasov - 1.1%

All these print out a strong signal to market real estate Romania.

The largest real estate transaction in the construction industry in the last

15 years

Turk Omer Susli, the new owner of Praktiker,

recently said that it is interested in buying

Lafarge company. As potential buyers are

included other Turkish and Irish companies.

The most important transaction in this

industry in the 15 years, selling of Lafarge,

will bring new players in local cement niche.

France's Lafarge invested so far in Romania over 700 million euros, and the largest

factories of their Romanian territory are at Medgidia and Hoghiz.

New homes are in high demand in Bucharest

Developers expect increased sales in 2014 by 25%

over the previous year, after banks have improved

credit conditions and after price adjustments have

been applied in recent years of economic crisis.

If in August 2013, those who purchase a two-

bedroom apartment of 50 square meters at a price of

about 48,000 euros, were forced to accept a gearing of 30%, now this is possible with

a gearing of 27.2%.

The success of foreign investments in Romania: Wienerberg has a business of 128

million euros and lower losses

Manufacturer of bricks, Wienerberger Bricks

Systems, aa subsidiary of the Austrian brand with thesame name, had turnover last year worth LEI 124

million - about 28 million euros, up 6% compared to

2012. Company losses have decreased by three times

compared to 2012.