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 [...]

Back in January 2008, Erste Bank published a report to comment on the evolution of house prices for 2008 in Romania. Although relatively unknown on the international scene, the bank is one of the big players on the Romanian market due to its acquisition, back in 2005, of the Romanian Commercial Bank (one of the [...]

I’m not sure what the latest real estate news is the US, but at least in the UK I’m getting rather fed up with warnings about plummeting house prices. By all means I am not neglecting/ignoring the issue, but I believe that the overwhelming attention of the media is just fuelling the market fury, adding [...]

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 area [...]

Rental prices are always a reality check for real estate investments – are the owners still getting good returns on their investment? Looking at this autumn’s offer, it seems that the rental market is on the rise, likely to have been influenced also by the arrival of the students for the new academic year. Once [...]

According to Thompson Financial, the Hungarian Ablon Group recently purchased a 40000sqm plot of land in Pipera for a medium-large development project. Although the position and the size of the plot are not imposing, the price paid is rather significant: €18.5M.
On the purchased land, Ablon plans to build a number of 1000 flats, as well [...]

This is probably one of the most appealing headings that I’ve seen for a while – getting a house for a fiver. You can’t avoid a sceptical chuckle “yeah, right…”, but cannot refuse your curiosity, so you may as well have a look and humour yourself. You’re guaranteed to have a laugh at some point [...]

Although a low price is an incentive for any buyer, people come on the estate market for two reasons: either to find their dream home or to make a profitable investment. Human taste is probably the hardest concept to measure, so for now it’s worth concentrating on the second alternative: how profitable is the investment. [...]

When it comes to signing on the dotted line, we all look for one thing when buying a property, whether it’s in Romania or anywhere else: the price. As highlighted by earlier posts, some of the developers prefer to provide the information on a “need-to-know” basis (which sounds a bit ludicrous, but it’s not far [...]

Earlier this year Esop Imobiliare, one of the bigger players on the Romanian real estate, released a market update on the price of property and rent for Bucharest. The report highlights a few of the major changes in Bucharest, ranging from the Sema park (ref) which is soon to become one of the focal points [...]