Romanian Property News

According to a market report produced by CB Richard Ellis in 2006, the Romanian property development market will continue to grow in 2007. Several projects are planned to be completed over the next couple of years in Bucharest: 

Planorama residence, located in Colentina, will have an attractive asking price of only €850/sqm;
The Noor and Edenia [...]

There are plenty of incentives for small investors coming to Romania, but there is one above all: cheap prices. In Bucharest, Vitan is likely to be the area that witnessed the fastest housing price increases over the past few years. The trend existed in all areas of Bucharest and Romania, but was not as strong; [...]

We mentioned a large number of developments for the luxury market segment, some of them both by Romanian and Western European standards. It is time now to have a look away from the crowded Bucharest and focus on the cultural capital of Europe in 2007 – Sibiu.
The city of Sibiu is no stranger to the [...]

Few minutes away from Carrefour, Bucharest North Train Station (main one of the capital), Cotroceni Palace (the residency of the Romanian president) and Botanical Garden, Orhideea Gardens is placed right at the heart of Bucharest, slightly closer to its greener side rather than the melting asphalt.  The development complex, currently under construction, will include when [...]

Balotesti is one of the satellite villages that will be integrated in the Bucharest Metropolitan Area. Although real estate development is still in the infancy in the area around Bucharest, more and more projects appear in green spots nearby the capital, and due to its position the village attracted the attention of the developers. The [...]

Bucharest, according to current world standards, is a rather small capital, both in terms of people and size, but current density figures (8074 inhabitants/square km) place Bucharest at similar levels with other European capitals. As you might be aware, the high number of blocks of flats makes virtually impossible any density increase, therefore the [...]

A large building complex, including 290 apartments and 27 duplexes, is currently being built in the Eastern part of the Bucharest, nearby the well-known area of Vitan Bucharest Mall and few kilometres away from the Piata Unirii. Hardwood floors, fully fitted kitchens (including all white goods), tiled bathrooms with white bathroom fittings, individual water, gas [...]

The British property development company Equest Balkan Properties PLC recently announced that it took over the development of the commercial centre Vitantis and another two office buildings in Bucharest.
The total value of the transaction was €33.8mil, of which the majority €26.6mil went towards the commercial centre acquisition. This is a very bold move, likely to [...]

Another development project is about to start nearby Bucharest, in the village of Jilava. Although most famous for its prison, Jilava cannot be ignored due to its proximity to the capital, so property in the area is rather expensive. The project, ran by the developer K1, includes a complex of 299 apartments, distributed over 11 [...]

 The village of Corbeanca has a very good geographical position, less than 5 miles north of Bucharest, far enough from the city craze but close enough for commuting, either by car (easy access to two major roads DN1 or DN 1A) or by bus (there is one bus service linking it to Bucharest). The past [...]