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News Residential property
in Bucharest
Imbalance between supply and demand
Requirement - 5000 additional housing units per year
Bucharest
needs at least ten thousand new houses for the market supply / demand to be balanced,
say the specialists on the real estate market.
Companies intend to launch
several hundred finished houses by the year-end. Those intending to buy a one-room
flat or an apartment have several offers to choose from, such as the Trend Imobiliar
portfolio, which is to put on the market several apartment buildings by half year
in areas such as Politehnica, Turda, Herastrau, Otopeni, Bucharest-Targoviste,
Unirii.
The price of a one-room apartment is between €40,000 euros and
€90,000 euros, whilst larger apartments range between €50,000 euros and €240,000
euros.
Triumf Construct shall provide some 130 apartments in the Bucharest
Noi area in September, at prices ranging between €50,000 euros and €61,000 euros.
The offer for villas is wider, with options for less popular areas such as Berceni
or Giulesti, but especially in areas such as Mogosoaia, Corbeanca, Otopeni, Baneasa
or Bucharest Noi.
A square meter of a built land is ranging between
400 and 1,200 euros. In Giulesti the price of a villa is between €90,000 euros
and €150,000 euros, in Otopeni the same villa is offered for €250,000 euros. "Paradisul
Verde" in Corbeanca would have by year-end 300 villas of brick construction and
100 ecologic houses on small weight structure (wood isolated with mineral cotton).
The price of a villa in this area could reach to €500,000 euros, with the ecologic
construction adding up to 35 per cent to the price. In the Tunari-Pipera area
(the "American Village") 31 villas will be ready in August, of which 20 have already
been contracted. 163 houses are to be built here by 2007. Such a villa is ranging
between €158,000 euros and €270,000 euros.
Adevarul, March 17, 2005
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