Romanian Property News

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 […]

It’s been a long, hot summer…no, not for the UK, as we’ve seen some sunshine only in September. It’s been a long hot summer for Romania, with temperatures over 40 Celsius for a good few weeks.
I come back, after the rather long pause, apologies, with a hot subject – land! Land in Bucharest, land around […]

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 […]

In spite of the bad press in newspapers and negative comments raised on real estate forums about the high prices of Bucharest luxury residential developments and their affordability for the medium class, ongoing real estate projects are being entirely sold months before being finalised. Yes, it is true, Romanian developers and ongoing projects are far […]

During the Sphera Housing Estate Fair, held between 12 and 15th of April 2007, the real estate developers aggressively promoted a new method of buying a property known as Buy-Back. The alternative is trying to accommodate the current Romanian estate market: a buyer pays a deposit and provides his/her existing apartment as a final payment […]

According to “Banii Nostri” (“Our Money”) magazine, an area equivalent to 3% of Bucharest area is taken by real estate investments.
To begin with, Immoeast, an Austrian-based consortium, takes the first place on the Romania Real estate Market. Immoeast is the leading listed property company in Austria, focused mainly on investments in Central and Eastern Europe. […]

Predicting trends and looking back at statistics is always good when checking whether an investment is worth making, especially in real estate. However, once in a while, it is worth coming back to present days and see what’s actually available on the market. We’ll come back in future posts with longer lists but, keeping the […]

The eagerly-awaited moment of Romania joining the EU is far behind us now. Gone is the enthusiasm of being a part of the European Union, everybody seems to move on these days, from the working class who realised that the EU accession did not bring them the expected western salaries to the politicians, eager to […]

Before the revolution that finished the communist era in Romania, Baneasa was just another suburb of Bucharest, famous for a couple of factories, the zoo, a secondary airport (when comparing Baneasa and Otopeni, think Luton versus Heathrow), and the nearby Baneasa forest. Past the 1990s, Baneasa transformed itself into the land-of-rich-and-more-or-less famous. With houses being […]