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
Market beat: How large office tenants gain leverage in Bucharest
Real estate

Market beat: How large office tenants gain leverage in Bucharest

Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.

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. 

RECOMMENDED FROM THE HOME PAGE
Industry

Lidl Romania exceeds 2030 sustainability targets early

Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.

Energy

Dentons advises OX2 on 235 MW Romanian wind acquisition

Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.

Energy

Turkish investors pour millions into Romanian green energy

Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.

Business

Cost remains main driver and biggest barrier in sustainability

51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.

READ MORE
Green Forum  |  11 December, 2025 at 11:36 AM