Prahova Valley draws in the crowds
Demand for houses is outstripping supply in Valea Prahovei (Prahova Valley), as shown in a study by real estate firm Eurisko, and this ratio is likely to continue for this year.
Property of the month
DOROBANTI - Twin buildings near
the Embassy district of Blvd Aviatorilor
are available for sale from real estate
firm DTZ Echinox.
The two connected buildings, originally
built for two brothers in the late
1930s, mirror each other over a total
area of 1,120 sqm and built area of 2,000
square metres.
Transylvanian city sees land boom
Land investment is seeing the
biggest upswing in Cluj-Napoca in
terms of the number of transactions
and their value, especially among developers.
The Diplomat talks to Cluj-Napoca
based Grup de Lux about the market
in the central Transylvanian city,
famed for its classic Austro-Hungarian
architecture.
Property in brief
VITAN Plans for eastern Europe’s biggest hotel are underway by the Negoita brothers, the owners of the Pro Confort group of companies, according to Capital. Work has already begun at the foundations of the hotel, on a 31,000 square metres plot of land in the Vitan area of Bucharest. The hotel is planned to have 11 floors and 1,000 rooms, ranked at three, four and five stars. The hotel is scheduled for completion in March 2007, following an estimated investment of 30 million Euro.