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 can have a look here for an outline by one of the participants), Condominium gathered a total of 75 companies for this round, presenting a total of 83 projects for potential customers. From €750 million in February, the total value of the investments presented in the October edition of the fair increased more than four-fold to €3.3 billion, as well as €100 million from overseas investments. Bear in mind once again that Condominium focuses exclusively on flats. While the market for houses and villas is not to be ignored, it is easier to attract more interest and a larger number of offers by focusing on flats.
Once again, Bucharest dominated the offer (at least Cluj had the chance to exhibit its project earlier in the year, in May, within the Condominium Cluj fair). From the total of nearly 30000 apartments presented as part of the fair, 14000 are being built or near completion in Bucharest as well as another 6300 in the satellite villages nearby the capital. The seaside is the second region favoured by the developers, with 9000 units, followed then by the mountain resorts with 1600 units.
This second edition has also seen the first spin-off of the fair – Condominium-Deco, ready to help the buyers with the second step – interior design of their newly-bought properties. While the organisers did not make too much room for it this time, Condominium-Deco is likely to make more waves in the future rounds.
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Posted: November 5th, 2007 under Apartments, Media articles, Events.
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