Romanian Property News

Why should you invest in Romania? Is it still worth going to the Eastern Europe for a good property deal? On a market flooded by overseas alternatives, from Spain and Italy to Eastern Europe and the Middle East, are there any particular reasons why investors should focus their attention on the Romanian market? You […]

We mentioned a large number of developments for the luxury market segment, some of them both by Romanian and Western European standards. It is time now to have a look away from the crowded Bucharest and focus on the cultural capital of Europe in 2007 – Sibiu.
The city of Sibiu is no stranger to the […]

Bucharest, according to current world standards, is a rather small capital, both in terms of people and size, but current density figures (8074 inhabitants/square km) place Bucharest at similar levels with other European capitals. As you might be aware, the high number of blocks of flats makes virtually impossible any density increase, therefore the […]

The British property development company Equest Balkan Properties PLC recently announced that it took over the development of the commercial centre Vitantis and another two office buildings in Bucharest.
The total value of the transaction was €33.8mil, of which the majority €26.6mil went towards the commercial centre acquisition. This is a very bold move, likely to […]

The current Romanian market for flats is more and more influenced by new projects. Amongst the recently announced developments, a good example is a project for 258 luxury appartments in the Lacul Tei area in Bucharest, put together by New York Investments, a company focused on real estate development projects for the Eastern Europe zone.
While […]

The asking price for land in urban areas varies between cities. As expected, the highest prices can be found in Bucharest. Due to its high potential for real estate investors, land prices in the Primaverii district (one of the most sought-after areas in the capital) can reach up to €3000/sqm. On second place is the city of Cluj […]

Baneasa is one of the posh residential areas of Bucharest, located on the outskirts of the city. The land prices range from a minimum €75-85/m2 to €450/m2.  Baneasa is to become one of the biggest inner-city projects of Europe, with plans to include spacious residential areas, commercial zones and a large Business &Technology Park (over […]

Local information is critical when determining the price of a specific plot in Romania. The land prices could substantially differ even within the same region.  For example, in Otopeni, the town situated north of Bucharest, almost linked with the capital, on DN1, one of the major national roads, the prices vary between €18/sqm and €220/sqm.
The […]

The price of land in Romania went up 35% in the last year and is due to increase further in the next couple of years.  Similar to flat prices, the land prices had seen a huge increase over the last few years.  For example, in Popesti-Leordeni region, 9km away from Bucharest, a region under continuous […]