Romanian Property News

Surely, there are plenty of alternative responses to the title; this article will briefly cover only one of them – the Arigato villas in Snagov, nearby Bucharest.

The Arigato project is extremely easy to summarise: unique development in a posh location. To start with the location, the area around the Snagov Lake was a heavily desired one well before the real estate boom, due to quite a few of the (ex-)communist leaders establishing their holiday location in the area in the early days after the 1989 Romanian revolution. What happened meanwhile? Prices skyrocketed in the small village nearby the lake, making the area financially inaccessible even to the middle-to-upper class in Romania.

The Arigato project consists of four Japanese-Art Deco villas. According to the media coverage, the developer is planning to build a further eight in the the same area, in a project totalling 7 million euros. All information is in round figures: each villa comes with a 1000sqm plot of land and costs one million euros (the total built surface of the property - 350sqm - slightly ruins the roundness, so we’ll keep it in brackets). The website of the project will give you a bit more information and plenty of hints about High Society (using not-too-discreetly-but-slightly-tacky-and-oversized fonts) but don’t expect to be overwhelmed with details beyond the media coverage and the architectural plans of each villa. If you are still tempted and wouldn’t mind forking a million, you can find there the details of the developer.

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