Koramic Real Estate Romania launches two residential projects in the north of the Capital after a EUR 30 million investments.
Koramic Real Estate Romania is the local division of the Belgian investor Koramic Investments, having over BIL 1 euros assets under management.

The Belgian investor will begin the second phase of the Sunset Lake Homes project, on Lake Străulești, and Sunrise Homes in the Pipera area. Sunset Lake Homes will include 18 new villas while Sunrise Homes will include 82 premium homes, in the Pipera area.

“The potential of the residential market in Bucharest remains high, as almost 20% of the country’s employees live here, while average incomes are 25% higher than the national average. Full access to the Schengen area, coupled with the progress of infrastructure works, enhances this potential, with numerous opportunities in both the medium and long term,” explains Alper Cetinoglu, CEO of Koramic Real Estate Romania.

Koramic Romania is part of Koramic Investments, a Belgian-based “family office”, launched in 1883 and currently owned by Christian Dumolin. Koramic Investments focuses on office buildings, as well as industrial and residential real estate. In addition to Belgium, the investor is also present in Germany, Poland and Romania.

In Romania, the investor completed the first phase of Sunset Lake Homes in 2023, a boutique residential condominium consisting of three low-rise buildings located on the shores of Lake Străulești.

The Titan Maşini Grele industrial platform in Sector 3 of the capital will be put up for public auction, within the insolvency procedure, with a starting price of EUR 16 million.

The assets include a 47,286 sq m plot of land, industrial halls with a total area of 34,870 sq m, an office building (G+G+5F+terrace) with a useful area of 2,717 sq m, as well as a vacant land with development potential, announced the judicial administrator CITR. The platform is part of the former FAUR industrial area and produced industrial equipment and components, especially for the rubber processing industry, playing an important role in the local industrial economy.

Nearby the platform are the Costin Georgian metro station, Kaufland and Lidl stores, Sticlăriei Park, IOR Park, and also several residential projects under development.

Titan Maşini Grele entered insolvency in 2023. The auction will take place on Wednesday, August 13, at the headquarters of the CITR judicial administrator.

In the month of July, EnVogue Residence representatives have started selling apartments in the third (and final) construction phase of the project in Iuliu Maniu Blvd., Bucharest. One of the two sections of the new building – the structure of which has already been finalised – will be occupied by apartments of a premium quality, while the other will consist of a hotel to be operated by Hilton, under the Hilton Garden Inn brand.

The residential component of the new construction phase will include 45 housing units (one-room, two-room, and three-room apartments, as well as penthouses), the delivery of which is estimated to take place during the summer of next year. The apartments will have above average usable areas, smart space divisions, and high-quality finishings. All parking spaces will be underground, separately for the hotel and residents.

The EnVogue Residence project is an approximately EUR 40 million investment undertaken by a local developer on Iuliu Maniu Blvd., no. 586-590. It has two already finalised construction stages – one of which comprises 169 apartments, and the other, 214 apartments, in addition to a total of 16 commercial spaces. All are energy class A dwellings: one-room, two-room, and three-room units, as well as penthouses and ground-floor apartments with private gardens. Over 90% of housing units in both construction phases are already sold and inhabited.

In the first six months of 2025, Cosmopolis project of developer Opus Land Development, reached 218 homes sales, up by almost a third compared to the same period last year, when 172 units were sold. The total value of transactions in the first half of the year exceeded EUR 20 million.

“This result is a confirmation for us that we have chosen the right direction in the way we have thought about Cosmopolis development. The project is one with a long-term vision, in which we are committed to providing both housing for comfortable living and a complete lifestyle. We constantly emphasize community amenities, translated into nearby shops, recreational areas, children’s parks, sports fields, over 60 swimming pools, as well as top-notch educational infrastructure. The growing interest in Cosmopolis encourages us to continue with our development plans, at least at the same pace as before”, announces Ozan Tuncer, CEO Cosmopolis.

The Mark Twain International School campus in Cosmopolis will be officially opened this fall, and the start of the first school year here is an important moment to strengthen the community and attract new families.

he average Romanian monthly mortgage rate has increased by almost 50% in the last five years, from approximately 1,100 lei to over 1,700 lei in the first part of this year, while the average annualized interest rate has recently fluctuated around 7%, from 4-5% five years ago.

The mortgage financing market has been on an upward trend, with the volume of this type of loans increasing by almost 50% in the last five years, to a balance of 111 billion lei. Access to the credit market has improved amid the increase in wage income, the increase in December 2024 compared to 2023 being 10% in Bucharest and 11% nationally, the NBR claims.

The average value of loans granted stood at 242,000 lei (the equivalent of 48,500 euros) in March 2025, up 27% compared to the average value of a mortgage five years ago.