about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»

Rising transactions encouraged developers to begin new projects

The number of luxury dwellings in Bucharest grew by 12 per cent, encouraging developers to begin big projects, according to Nordis representatives, a company with a portfolio of 2,500 properties in central areas.

2015-01-13 11:36:05

According to Nordis the new offer for luxury dwellings in 2014-2015 is over 500 apartments in luxury areas in Soseaua Nordului-Herastrau, Primaverii, Flotreasca, Kiseleff and Aviatorilor. Emanuel Postoaca, the general manager of Nordis, said in a press release that 2 room apartments are bought by investors because they have low prices and because they have a good rental potential.

Developers started the construction of two big projects in the Herestrau- Soseaua Nordului area, with apartment buildings of 10 flights and 300 apartments of 2,3,4 rooms and penthouses.

"The 2014 growing tendency will maintain in 2015, when two new real estate projects will begin and will be completed in 2017, offering over 350 luxury apartments with premium locations, for which the sales price will start from 1,500 Euro + VAT per square meter built," Postoaca added.
Several premium projects began in the Kiseleff-Aviatorilor area, most of them designed begin the crisis and stopped in past years. They will bring about 150 apartments with 3 to 4 rooms and penthouses.

In the Floreasca area there are several on going projects to be completed in 2015, this type of investments having a growing tendency in the last two years because of lower land prices.
In Floreasca, demands focus on 2,3 and 4 room apartments and apartment areas are smaller than projects in the Kisellef-Aviatorilor area. Demands for these apartments are growing.

Another area devoted to luxury apartments is Dorobanti-Primaverii, where several projects have been initiated. Most residential buildings in the projects are not too high, with few large apartments and very good finishings. Demand in this area is for big 3 and 4 room apartments or penthouse and very few are for 2 room apartments, the study shows.

There are 0 comments:

Validation Code

0 Comments  |  1155 Views
Daily Info
Believe in people's potential

"The greatest danger for most of us is not that our aim is too high, and we miss it, but that it is too low, and we reach it." (Michelangelo Buonarroti) This is my motto that ...

Veeam estimates record growth, one billion USD turnover in 2018

Veeam Software posts another quarterly growth, 21 per cent higher than last year. Overall, the financial performance for 2017 was remarkable, with revenues of 827 million USD....

TransferGo attracts 8.6 million Euro financing for international expansion

TransferGo, the international fast online transfer company, has attracted a round of investment of 8.6 million Euro, which is the biggest amount received in a single financing...

Bucharest Henri Coanda Airport could get a new terminal

A new passenger terminal could be added to Bucharest's Henri Coanda International Airport (Otopeni), as part of an ample development project estimated at over one billion Euro...

New Kopel Car to import BYD electric vehicles in Romania

New Kopel Car Import, a SIXT Group Romania company, announced that it became the importer of BYD Electric busses and vehicles in Romania.






More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.


TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania....

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Deve...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...


Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.


Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...