Romanian Property News

Typical direct flights to Bucharest cost around £200-£250, another reason why the country has not been a popular tourist destination. However, starting January 15th, 2007, Wizz Air will introduce regular flights between UK and Bucharest costing only £55 for a return flight. The flight will be operating between Luton airport and Baneasa airport. Although Baneasa [...]

The Romanian Association of Estate Agencies is organising the first International Real Estate Congress on 21-22 September in Bucharest at the Marriott Grand Hotel. Organisations such as Confederation Europeenne de l’Immobilier (CEI), National Association of Realtors (NAR) or Central European Real Estate Associations Network (CEREAN) will be present at this event, together with participants from [...]

The banking system in Romania is not there yet. As an example, the on-line banking system, so well known and used by most Europeans, is still in its early stages in Romania. According to the GFK Group, only 1% of the Romanian users of financial services use the internet banking. The lack of online banking services [...]

If you do not live permanently in Romania or not at all, it is worth buying and then renting the property.  Depending on the location and the quality of the apartment, typical rates reach €250-350/month for a furnished studio flat in Bucharest. The buy-to-let agencies are currently emerging in Romania, due to the traditional profile [...]

Floor level. When buying/selling a flat, the floor level is very important. Typically, flats at lower level floors are preferred and therefore they are worth more. In a block of flats, the lowest priced are the flats on the top level, followed by the ones on the ground floor; next in line are flats from [...]

The Romanian property market goes through seasonal variations. To make the best of the changes in price, apartments should be bought during the summer and winter and sold either in the autumn or in the spring. Such variations do not affect substantially the increasing trend of the prices, but can make a difference in the profit.

Baneasa is one of the posh residential areas of Bucharest, located on the outskirts of the city. The land prices range from a minimum €75-85/m2 to €450/m2.  Baneasa is to become one of the biggest inner-city projects of Europe, with plans to include spacious residential areas, commercial zones and a large Business &Technology Park (over [...]