Archive for October, 2006
Properties in the historical area of Bucharest
Recent months have seen several attempts of the Bucharest officials to start rehabilitating the historical area of Bucharest (which, due to the demolitions from the communist era, is only a few hectars in size). Various projects are looked at and, due to the unclear status of some of the buildings in the area, a […]
Posted: October 24th, 2006 under Law & finance, Apartments.
Comments: none
The Romanian National Real Estate Tradeshow - autumn 2006 edition
The autumn edition of the Romanian National Real Estate Tradeshow took place between 18 and 22 October 2006 at the World Trade Plaza-Sofitel, Bucharest. The large number of participants and visitors present earlier in the year during the spring event (over 40 participants and 15,000 visitors) led to an even more successful session this October. […]
Posted: October 22nd, 2006 under Media articles.
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Flat prices in Cluj
Most of the information about the evolution of the market in Romania focus on Bucharest, which is a very good example for the price growth and the subsequent profit for potential investers. While apparently neglected, the other major cities in Romania do follow the trend. For example Cluj, the main city in the Transylvannia region […]
Posted: October 18th, 2006 under Apartments, Reviews.
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Land prices in Romania continue to rise for the near future
The current Romanian market for flats is more and more influenced by new projects. Amongst the recently announced developments, a good example is a project for 258 luxury appartments in the Lacul Tei area in Bucharest, put together by New York Investments, a company focused on real estate development projects for the Eastern Europe zone.
While […]
Posted: October 18th, 2006 under Land.
Comments: 1
Land value - the asking price versus the market
The Romanian market for land plots is heavily influenced at the moment by the limited offer. Several ‘first-wave’ investors accumulated large amounts of land, bought for speculative purposes rather than development. As a result, a very small proportion of the available land for sale is owned by small investors. The relatively low number of (big) […]
Posted: October 8th, 2006 under Apartments.
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Land plots for sale in urban areas - Bucharest, Cluj, and Constanta
The asking price for land in urban areas varies between cities. As expected, the highest prices can be found in Bucharest. Due to its high potential for real estate investors, land prices in the Primaverii district (one of the most sought-after areas in the capital) can reach up to €3000/sqm. On second place is the city of Cluj […]
Posted: October 8th, 2006 under Land.
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Renting rates cheaper than mortgage costs
According to a study carried out by SFin, currently in Romania it is cheaper to rent then to get a mortgage. For example, in Drumul Taberei, one of the areas of Bucharest, the average price of a studio flat is €40,000 and the average monthly rent is €200. Twenty years of rental at these prices, […]
Posted: October 2nd, 2006 under Apartments.
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Student accomodation - impact on flat rental prices
The students represent one of the best market for renting studio flats. The start of this academic year had a similar impact on accommodation as previous years had: approx 160,000 students requested accommodation in the university halls of residence; the offer provided by universities was only approximately 101,780 places (according to Realitatea Romaneasca).
This situation leads […]
Posted: October 2nd, 2006 under Apartments.
Comments: none
