Romanian Property News

Anybody can have a flat or a house (well, anybody who can afford it…); beyond styles, shapes, and sizes, what more can you want from a house? According to Opus Land Development and the Turkish Buyukhanli Group, the companies behind the project, we are all after the magic proportion of 60% ‘green area’ and 40% ‘city area’. And this is how they started their quest to build what they call the first satellite city north of Bucharest – Cosmopolis.

The project is ambitious on all counts. To give you some figures, the size of the plot is one square kilometre and includes, only on the residential side, a number of 4600 residential units in flats and villas. On top of this, Cosmopolis has plenty of amenities, including a bit of everything from cafes and restaurants to kindergarten, a pony club, and, for the more religious ones out there, even its own church! There is a mention of a river beach, but don’t get too excited about sunbathing, you’re more likely to do a bit of fishing or water skiing in there. However, based on the various computer generated graphics, there are plenty of pools throughout the city.

What about the location? Cosmopolis is positioned in the highly desired area of north Bucharest, just past the (current) ring road. I know that “highly desired” is a bit of a real estate agent cliché, but that is the truth – virtually all recent projects located at the outskirts of Bucharest seem to focus on the north Bucharest area near the Tunari satellite village of Bucharest. The project made it even on wikimapia, where you can see the location of Cosmopolis through google maps.

Due to its size and because it is just past the Bucharest ring road, the unit prices are rather attractive throughout the project; one of the managers, Murat Kavurga, quoted in an interview a figure as low as 1000-1250€/sqm, and that is including the VAT! Beyond this, you’ll get more rumours than facts, as the Cosmopolis website http://www.cosmopolis.ro , beyond all the pretty pictures and even the movie , does not have any actual prices, in spite of the fact that the sales started already mid-September.

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