Investment transactions in Romania’s commercial property market totaled €120 million in Q1 2023, which was almost double compared to the same period of last year. The deal volume was driven by industrial and office projects, according to a Colliers report | BLISS Imobiliare ..read more

The New Regulation aims at aligning the Land Book rules with other legal provisions – such as Law 7/1996 for cadastre and real estate publicity and Law no. 50/1991 on the authorization of construction works, as well as aiding in the digitization process of the Land Book processes. | BLISS Imobiliare ..read more

On 10 January 2023, a new amendment was published with a significant impact on renewable energy projects. The obligation to obtain PUZ (urban zoning plan) for the development of renewable energy projects located on agricultural land, with a maximum surface of 50 ha, has been abolished | BLISS Imobiliare ..read more

Increasing the renewable energy share quota in the energy mix is demanded not only considering the decarbonization target, but also high and volatile oil prices in the current political context, as well as the constant desire for energy independence | BLISS Imobiliare ..read more

Real estate prices did not decline in 2022, but they did experience a stagnation, only moving a few percentage points up from 2021 levels. Still, the real value of assets was lowered due to inflation. Inflation remains high at the start of 2023, and it is only expected to begin decreasing in the second half of the year | BLISS Imobiliare ..read more

Top 10 predictions for the CEE-6 real estate market in 2023. Colliers Central East Europe. Demand for renting and buying real estate should remain decent over the longer term in Romania and its neighbors, despite 2023 most likely being a bit more challenging than a regular year | BLISS Imobiliare ..read more

Buildings with seismic risk in Bucharest represent an old problem on the public agenda of the capital for years. It seems that in Bucharest, in the past 27 years, the local authorities have rehabilitated only 20 buildings due to the insufficient number of specialists (only 8 people) from the mayor's office dealing with this problem. To solve this problem, the City Hall set up in 2017 two entities, with 263 employees, carrying out actions dedicated to this area ..read more

Despite the fourth COVID-19 wave in autumn, the Romanian economy performed very well during 2021, with an estimated GDP growth of 7%. Q4 2021 property investment volume for Romania is estimated at €337 million, almost 30% over the previous quarter and more than 4.5 times the volume registered in Q4 2020. | BLISS Imobiliare ..read more

Forest land in the private property regime can be sold only if the right of first refusal of co-owners or neighbors is respected in this specific order. Only neighbors who are owners of forest lands have the right of first refusal. The state has the right of first refusal to purchase the forests | BLISS Imobiliare ..read more

Government Ordinance no. 16/2022, published in Official Gazette no. 716/15.07.2022 on 15 July 2022, entails important amendments to the Romanian Fiscal Code. | BLISS Imobiliare ..read more