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Archive for February, 2007

Sema Park is about to reshape the heart of Bucharest

One of the reasons why the market in Bucharest remains surprising to say the least is the mixture of old and new you can find throughout the city. Only a few days ago I’ve noticed an advert for an 800sqm plot, positioned centrally, all yours for ‘only’ €2000/sqm (read twice the “per square meter” […]

Noor - almost ready to shine nearby Titan Park in Bucharest, with silver, gold, and platinum flats

Noor is another ongoing real estate project nearby the Titan Park in Bucharest. The developers managed to secure a large enough plot and are currently more than half way through the construction of the four blocks of flats that constitute Noor. As you can see from the computer generated image, the complex follows the internal […]

Irish investors interested in the Romanian Real Estate

I re-wrote the following line a few times to avoid the praise look’n’feel but…it still expresses the same: the interest in the Romanian Real Estate Market is on the increase. The Romanian Wall-Street newspaper (not sure whether it’s connected in any way with the one in New York, but it is a good indicator of […]

Shortage of architects in Romania

Picture a fast growing real estate market, with a large number of ongoing development projects. Add a flexible planning law (to say the least) and fields around the big cities ready to be populated with houses. Finally, imagine also a population that does have (at least some) of the financial resources to invest in small […]

Buying land in Bucharest – from astronomical prices to affordable deals

Land plots in Bucharest are clearly outside the reach of any small investors, due to their prohibitive prices. At the moment, plots within reach of the centre of Bucharest come with tag prices of at least €1000/sqm (and that’s for the bargains), at least doubling the price of any investment of less than a few […]

Rubin Residence and Belvedere - two more development projects in Straulesti, on the outskirts of Bucharest

The Straulesti area comes back to our attention for…further development projects. Two medium projects - Rubin Residence and Belvedere - started in the area from the outskirts of Bucharest, triggered by the expansion of the capital towards the metropolitan area and the developers running out of reasonably-priced land in the centre of Bucharest. Apart from […]

Planorama - the latest development in the Colentina area, Bucharest

The Colentina area in Bucharest brings together an interesting mixture of green area, due to the nearby park and lake, old housing - fewer and fewer of them these days, but still present, and blocks of flats built 20-30 years ago, during the communist era. Due to this mixture, although the area is dominated by […]

Skiing in Romania – a review of the real estate market on Prahova Valley

As you might know, Valea Prahovei (Prahova Valley) is one of the best known touristy regions of Romania. The area includes four famous (at least for Romanians) mountain resorts: Sinaia, Busteni, Azuga, Predeal. Further north you can also get to Poiana Brasov. 
Sinaia, known also as the Pearl of Carpathians, is not just a ski resort; […]

Edenia - Large development project in the Titan area, Bucharest

Edenia is one of the latest large development projects to begin in Bucharest, providing reasonably priced flats in a good, green area of the city. The developer behind the project is Adama Holding; it might be a name that you have not heard before, but they appear to be quite an important player on the […]

The Romanian real estate property market – past, present, and future

“Flamboyant real estate market”, “Bucharest is more expensive than Paris”, “exponential growth for the apartments prices”, “infant unsustainable market”, “best investment opportunity”…The list can continue with supportive and dismissive comments made on the Romanian estate market. What is the truth? Several negative comments regarding Romanian properties are based on the very young real estate market […]