Romanian Property News

After a round of optimistic predictions, including my own, regarding the state of its real estate market, it looks like the price of flats and houses is going down across Romania, following the international trend. Under the pressure of the media, putting up big signs for a catastrophe, buyers started to back up big time [...]

The Colentina/Doamna Ghica zone is recognized as a good area for large development projects – the constructors of Rose Garden and Planorama already exploited the potential of the area with their blocks of flats. No surprise therefore that, on the (still available) plots of empty land more projects are shaping up. The latest one of [...]

The Ghencea area is most well-known for one thing: it is the home of the Steaua Bucharest football club. Beyond that, Ghencea used to be one of the North-West exit points of Bucharest, mixing poorer, outskirts housing, unused land, and a few industrial large beasts producing mostly pollution and noise ready to overwhelm the Bucharest [...]

After getting their share of city craze, packaged with pollution, noise, overcrowding and mad traffic, the medium-upper class in Bucharest is looking for alternatives to move out from all the…errr…civilization. The first wave was Baneasa – from spacious plots, positioned next to the woods or greenery, Baneasa became an expensive, over-posh, overcrowded and overpriced area. [...]

Trident is the latest residential development currently taking shape in southern Bucharest, in the Berceni area. Trident is a medium-sized project, consisting of three ten-story high blocks, including 109 apartments. Most of the units are studio flats (82 out of 109 flats), which makes them very attractive from a financial perspective to potential buyers. The [...]

If you want to look for the busiest traffic spot in Bucharest, with a flyover, lots of heavy traffic, crowded ring road, even a railroad, and queues stretching for miles, there’s one place to go: the Otopeni bridge. With a flyover that is part of the busiest road in Romania (DN1 – national road 1) [...]

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 [...]

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 [...]

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) [...]

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 [...]