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Romania's first bank-managed real estate portal released

Act Media 07.09.2010
Romania's first bank-managed real estate portal released

Banca Comerciala Romana (BCR) on Wednesday launched the first real estate portal in Romania managed by a banking institution which, apart from a complex offer of housing from all counties in Romania, includes useful information about house purchase procedures.

Romania Investment MarketView Year End 2008

The credit crunch and weakening economic prospects led to a very quiet period for the Romanian Investment market in Q4 2008, with only two transactions being completed In common with all of Eastern Europe, yields have increased markedly, reaching 8.5 to 9% by the end of 2008, compared to 6.25 to 6.5% in 2007, although it is worth noting that this only returns them to levels seen in 2005 With bank lending expected to remain restricted in 2009, another quiet year is to be expected


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