Romanian Property News

Affordable flats are incredibly hard to find on the overall Bucharest real estate market. With the price of land skyrocketing, it is impossible to keep the unit price under 1500€/sqm, once you add in the VAT. However, after careful choice of the location and moving a bit further from the packed, crowded city centre, there [...]

Earlier this year Esop Imobiliare, one of the bigger players on the Romanian real estate, released a market update on the price of property and rent for Bucharest. The report highlights a few of the major changes in Bucharest, ranging from the Sema park (ref) which is soon to become one of the focal points [...]

Domnesti is one of the satellite villages at the outskirts of Bucharest. 20 years ago it was seen as a village away from the capital, as countryside as it gets. Nowadays it gets update after update and, after another few years, it will become one of the suburbs of the capital. This is the set [...]

The beginning of this month witnessed a slight setback in the construction of the Planorama project in Colentina, Bucharest. As announced in an earlier post, Planorama has already received its share of good press http://www.romanianpropertynews.co.uk/2007/02/17/planorama-the-latest-development-in-the-colentina-area-bucharest/ due to one of the blocks being bought entirely by a group of investors in the very early stages of [...]

As prices keep increasing, Bucharest becomes too expensive for buy-to-let small investors. This is why people are starting to look a bit further for investment properties. The nearest big city you can get is Brasov, which is about 80 miles away from the capital and, more important, as close as it gets to skiing resorts [...]

According to the press, the boom of the Romanian real estate market is slightly slowing down. The focus is, once again, on the main type of property, the flats, and mostly the Bucharest area. The main reason for these skeptic predictions – the ‘old’ blocks of flats, built during the communist era. Three time periods [...]

Buying a flat in Bucharest is not an easy business. On the positive side, which is probably worth discussing in a whole separate post, apartments (particularly the ones built in the communist era) are very similar in terms of size and structure. I’ll fast forward through all the paperwork required, finalising with the exchange of [...]

It’s been a long, hot summer…no, not for the UK, as we’ve seen some sunshine only in September. It’s been a long hot summer for Romania, with temperatures over 40 Celsius for a good few weeks. I come back, after the rather long pause, apologies, with a hot subject – land! Land in Bucharest, land [...]