Last year was still a good one for office furniture in Romania despite delays in delivering scheduled construction projects, local daily Ziarul Financiar reported. The total market for office furniture in Romania exceeded 80 million euro last year. According to Ziarul Financiar, an increase of 15 per cent was expected this year but the market had the potential to reach 100 million euro by 2011.
Romanian daily Ziarul Financiar reported that several foreign investors in Romania who had bought apartments in early stages of development, were putting those apartments up for sale at a significant profit even before construction had finished.
According to data published by Globalpropertyguide.com, house price increases in Europe over the past year ending in Q4 of 2007, were highest in Bulgaria. Bulgarian houses increased by 34.61 per cent, closely followed by Poland with a 33 per cent increase.House prices in Estonia increased by 23.38 per cent. Prices in Sweden, Lithuania, Cyprus and Estonia increased by between 11 and 19 per cent. Increases in other European countries were in the single digit range, with Portugal, Latvia and Ireland reporting house price decreases.
ECE Projectmanagement Bulgaria, the Bulgarian arm of German developer ECE, will shortly launch construction on its 40storey Europe Tower, company manager Plamen Ilchev told Mediapool.bg.
Turkish developer Kayi was named as the main contractor of Serdika Centre commercial and business complex, Investor.bg reported. The site cited a news release from Sparkassen Immobilien AG, the real estate investment trust of Erste Bank, and the German investor and developer ECE Projekmanagement Bulgaria, the two investors in the project.