The real estate consultant Coldwell Banker Romania opened a new office in Constanta, being the first player to open an office in the seaside town.

The company has reached seven offices, four of which in the Capital – two mainly dedicated to the residential and two corporate sectors, and one in Brasov (Coldwell Banker Alpin) and Cluj – Napoca (Coldwell Banker Transilvania).

The investment in the opening of the new office amounted to over EUR 100,000, including the necessary operating budget for the next six months.

”We are working actively to consolidate and expand our business both in Bucharest and the main cities of the country, benefiting from the international exposure of Coldwell Banker and demand from many active players on the local real estate market. Constanta is the third regional residential market in Romania after Bucharest and Cluj-Napoca, with over 25,000 homes delivered between 2007 and 2017 according to official statistics and new peaks registered in recent years. In addition, demand for professional services has increased significantly in the segments of logistics and office space, which will continue to grow in Constanta in the coming years, “says Bogdan Voica, CEO of Coldwell Banker Romania.

The company is one of the largest real estate consultants active on the local market, registering a cumulative turnover of EUR 5.3 million in 2017 and being the exclusive consultant and agent of over 15 residential projects, over 10,000 planned homes.

The valuation division of Coldwell Banker Romania valued 2017 real estate properties worth about EUR  2 billion while the property management division manages properties with a cumulative surface of approximately 150,000 square meters.

”Constanta has a fantastic potential for development both on the residential segment, as well as in the office or industrial area. We are in a great time to offer the market with a professional team of real estate consultants and an office that respects the international standards of the brand. The Coldwell Banker Constanta team currently has 6 consultants, including 3 senior citizens with more than 10 years of experience in real estate and sales, people who have managed large-scale projects in Bucures and major cities, ”said George Botezatu, managing partner Coldwell Banker Constanta.

More than 25,000 homes have been completed in Constanta and its surroundings in the past 11 years, this being the third residential market in Romania, after Bucharest and Cluj-Napoca, according to the National Statistics Institute. With a history of 110 years, Coldwell Banker is currently owned by Realogy Corporation, one of the largest real estate franchisees worldwide. Through its network, Coldwell Banker covers 50 countries with over 3,000 offices and has over 86,000 consultants and brokers.

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