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, […]

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 […]

The Spanish property developer Gran Via makes its entrance on the Romanian market with two residential projects. As the projects are in the design stage at the moment, they share two characteristics so far: they are big (get ready for big figures on the next paragraph) and…they do not have a name yet :).
Both projects […]

Do you like skiing? Would you be interested to try a new ski resort? You might be well familiar with the Alps…but how about the Carpathians? Come over to Predeal, Romania, in the winter and, while you’re there, get yourself an apartment in Predeal? A new residential complex called Predeal Ski Apartments (you can’t accuse […]

Cartierul Latin (Latin Quarter) is one of the latest residential projects in the West of Bucharest (the second residential area after Bucharest North) in Ghencea extension. To begin with the neighbourhood, in case you’ve heard of the name before and you wonder where, this area of Bucharest is associated with the Steaua Football Club (whose […]

It is at least risky to make any assumptions about the future when it comes to the (Romanian) property market, as prices are still quite dynamic. In fact, looking over at the UK housing market, very few people could predict 5-10 years ago that prices will increase 3-5 times. What it can be done though […]

Statistics on Romanian real estate pricing are rather difficult to gather on the market still dominated by relatively small estate agents, with 1-2 branches at most and only tens of properties in their portfolio. While country-/city-wide statistics might include a level of guesswork and averaging, it is worth focusing on specific areas to see how […]