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Archive for November, 2007

Rental prices for studio flats in Bucharest – autumn 2007 statistics

Rental prices are always a reality check for real estate investments – are the owners still getting good returns on their investment? Looking at this autumn’s offer, it seems that the rental market is on the rise, likely to have been influenced also by the arrival of the students for the new academic year. [...]

High prices for medium sized land plots in Pipera

According to Thompson Financial, the Hungarian Ablon Group recently purchased a 40000sqm plot of land in Pipera for a medium-large development project. Although the position and the size of the plot are not imposing, the price paid is rather significant: €18.5M.
On the purchased land, Ablon plans to build a number of 1000 flats, as well [...]

Getting a house for five pounds

This is probably one of the most appealing headings that I’ve seen for a while – getting a house for a fiver. You can’t avoid a sceptical chuckle “yeah, right…”, but cannot refuse your curiosity, so you may as well have a look and humour yourself. You’re guaranteed to have a laugh at some point [...]

Rental yields for Romania – “generally high”, at least for Bucharest

Although a low price is an incentive for any buyer, people come on the estate market for two reasons: either to find their dream home or to make a profitable investment. Human taste is probably the hardest concept to measure, so for now it’s worth concentrating on the second alternative: how profitable is the investment. [...]

Four reasons to read the small print when buying a new apartment or house

When it comes to signing on the dotted line, we all look for one thing when buying a property, whether it’s in Romania or anywhere else: the price. As highlighted by earlier posts, some of the developers prefer to provide the information on a “need-to-know” basis (which sounds a bit ludicrous, but it’s not far [...]

The second edition of Condominium Bucharest real estate fair in figures

The Condominium fair slowly becomes an established landmark on the Romanian real estate market. While earlier year it was at its first edition, the fair now is gathering momentum, with more participating companies, wider reach for the market, all unsurprisingly due to the increasing pace of real estate projects.
In spite of less media coverage (you [...]

Austrian Village continues the country theme in Crevedia

It appears that country-themed neighbourhoods are the latest trend for the Bucharest real-estate and development market. After the emerging English Village project, another large-scale development follows along the same lines: Austrian Village.

Although there is plenty to talk about the project, I’ll start with the above image, which the developers have proudly put on the website. [...]

English Village brings the British countryside to Clinceni

After Japanese villas, an American school, a German neighbourhood, the outskirts of Bucharest are about to get a corner of English countryside, complete with housing, architecture, and the all-important village pub! The English Village project is due to build an entire…English village near Clinceni, one of the Bucharest satellite villages. Due to its characteristics, the [...]

Evocasa Orizont brings 1000 apartments and villas to northern Ploiesti

The city of Ploiesti is historically known due to its oil industry. Although very far from the glamour of Texas oil companies, most of the extraction and refining used to take place in this area. Nowadays, things have slightly changed – the oil companies took a back seat (although business is still blooming for them) [...]

Emerald Residences nearly ready by the shoreline of Lake Tei

With so many undergoing projects at the moment taking shape in all areas of Bucharest, it is not hard to miss even some of the larger developments. A good example is Emerald Residences, currently approaching its delivery date.

Emerald Residences is located in the area of Floreasca, by the Lake Tei – both central Bucharest (you [...]