Romanian Property News

Hidden behind the blocks of flats built in the communist era, the area marked by two of the busiest streets in Bucharest, Decebal-Unirii and Calea Calarasilor-Matei Basarab, seems to be forgotten by time, having still a bit of greenery here-and-there, old villas and narrow streets. The apparent away-from-the-crowd feeling, in spite of the area [...]

Asmita Gardens is the latest real estate development project to take advantage of yet another bare plot of land by the Dambovita river in Bucharest. When ready, Asmita Gardens will consist of a group of seven blocks of flats, right by the river side, near Calea Vacaresti, not far from the Euroclub project. Although it includes a total [...]

Predicting trends and looking back at statistics is always good when checking whether an investment is worth making, especially in real estate. However, once in a while, it is worth coming back to present days and see what’s actually available on the market. We’ll come back in future posts with longer lists but, keeping the [...]

The Vacaresti area in Bucharest used to be rather busy and mixed in quite a few people until the communist era. In the 1980s bulldozers transformed it, as quite a few other places in Bucharest, into a large green field, mostly without the consent of the inhabitants, and several blocks of flats were built around [...]

A few years ago, Chitila used to be known for its large commercial customs facilities. From that perspective, all that Chitila represented for Bucharest was a buffer warehouse, with sizeable commercial (transit) traffic and associated customs operations. Some of that is still there today, but is quickly phasing out; after all, Chitila is positioned north [...]

The Colentina area seems to be the latest focus for large real-estate developers in Bucharest. After the – ongoing – success of Planorama, a new project is taking shape nearby – Rose Garden Bucharest. The residential project includes no less than 11 blocks of flats with a total of 900 apartments. To accompany it, the [...]

The eagerly-awaited moment of Romania joining the EU is far behind us now. Gone is the enthusiasm of being a part of the European Union, everybody seems to move on these days, from the working class who realised that the EU accession did not bring them the expected western salaries to the politicians, eager to [...]

While some of the Romanian real estate developers come up with rather mundane names for their projects, there are amongst them a few coming up with inventive and attractive alternatives. This is the case for the latest project due to be built in Mihailesti, nearby Bucharest, by a Cypriot company; the name of the project: [...]

How would you fancy being a stone’s throw away from the heaviest and third largest (after a couple of aircraft hangars) building in the world (at least according to wikipedia)? Yes, an unlikely top ranking position for Romania, the House of Parliament (a.k.a. House of People during the communist era) is apparently the heaviest building [...]

Before the revolution that finished the communist era in Romania, Baneasa was just another suburb of Bucharest, famous for a couple of factories, the zoo, a secondary airport (when comparing Baneasa and Otopeni, think Luton versus Heathrow), and the nearby Baneasa forest. Past the 1990s, Baneasa transformed itself into the land-of-rich-and-more-or-less famous. With houses being [...]