HILS Development posts 28% resi sales growth in H1 2024

Green Forum
Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 

The company reported that 356 units have been contracted out of the 850 planned for the full year. 

More than 60% of the apartments were acquired with buyers' own funds, followed by those acquired with bank loans (22%) and developer-financed installments (17%). 

"The six projects launched so far consolidate a community of over 25,000 residents. We continue to maintain a steady pace of over 1,000 completed homes annually, in line with our development strategy aimed at creating quality living conditions,” says Bogdan Bălașa, GM of HILS Development. 

The company has continued to develop new major projects, including HILS Republica, HILS Sunrise, and HILS Titanium, and has completed three other projects – HILS Pallady, HILS Splai, and HILS Brauner – totaling a portfolio of around 2,600 new homes. 

RECOMMENDED
Romania ranks among cheapest resi markets in Europe
Real estate

Romania ranks among cheapest resi markets in Europe

The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

One United Properties posts slight growth of resi sales in H1 2024
Real estate

One United Properties posts slight growth of resi sales in H1 2024

Romanian developer One United Properties says its volume of sold and pre-sold residential units, parking spaces and commercial spaces amounted to around €123.8 million during H1 2024. This result is up by 2.5% compared to the same period of last year. 

Banks interest in financing is focused on industrial
Real estate

Banks' interest in financing is focused on industrial

Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.

Industrial leasing in Romania down 25% in H1 2024
Real estate

Industrial leasing in Romania down 25% in H1 2024

The leasing volume of industrial and logistics spaces in Romania amounted to 410,500 sqm during H1 2024, down by 25% versus the same period of last year, with close to half of the total take-up recorded in Bucharest region, according to a Cushman & Wakefield Echinox report. 

RECOMMENDED FROM THE HOME PAGE
READ MORE
Green Forum  |  18 September, 2024 at 8:51 PM