Real estate

Romanian office market falls by 36 pct, to 300,000 square meters

Last year, the Romanian office market fell by 36% from a record 470,000 square meters in 2019 to 300,000 square meters, real estate consulting company JLL Romania announced on Tuesday. According to the quoted source, the areas include transactions carried out through agents and those concluded directly between the landlords and tenants.

Shopping centers reopen after more than two months

Shopping centers, department stores and retail parks opened on Monday for the first time since March 14, when they had been ordered to close by the government.
Their reopening came two weeks earlier than originally planned, but with strict rules such as the compulsory use of face masks not only by staff but also shoppers.

Stricter measures for Turkey’s malls introduced

Authorities in Istanbul have introduced stricter measures, particularly for the use of air conditioners and shopper traffic inside the venues, for the city's malls after people swarmed shopping centers and social distancing rules were largely violated after they reopened on May 11 as part of the "normalization program."

People flock to barbershops, malls in first phase of Turkey’s normalization plan

People have flocked to barbers, hairdressers and shopping malls after they opened on May 11 as part of the first phase of Turkey's normalization plan.

But Turkish Health Minister Fahrettin Koca criticized some photos of people lining up without face masks and waiting in long queues outside several malls while not heeding social distancing rules.

Summer houses in Turkey well sought after amid pandemic: Expert

Demand for summerhouses and other types of single-detached dwellings has risen due to the coronavirus pandemic, according to an executive of a real estate appraisal portal.

The average price of a detached house has soared 25 percent since March 10, when the first COVID-19 case was confirmed in Turkey, co-founder and general manager Görkem Öğüt said on April 29.

Staikoura touts benefits of up to eight billion euros in liquidity from EU pandemic package for Greece  

Finance minister Christos Staikouras welcomed the results of the historic Eurogroup pandemic rescue package which he depicted as a satisfactory but hardly optimal compromise.

Staikouras said that Greece's three main demands were met.

The first is direct liquidity for businesses which will not be laid out through banks.