equirement - 5000 at prices ranging between €50,000
additional housing units euros and €61,000 euros. The
per year. Bucharest needs offer for villas is wider, with
at least ten thousand new houses options for less popular areas
for the market supply / demand to such as Berceni or Giulesti, but
be balanced, say the specialists especially in areas such as
on the real estate market. Mogosoaia, Corbeanca, Otopeni,
Baneasa or Bucharest Noi.
Companies intend to launch
several hundred finished houses A square meter of a built land is
by the year-end. Those intending ranging between 400 and 1,200
to buy a one-room flat or an euros. In Giulesti the price of a
apartment have several offers to villa is between €90,000 euros
choose from, such as the Trend and €150,000 euros, in Otopeni
Imobiliar portfolio, which is to the same villa is offered for
put on the market several €250,000 euros. "Paradisul Verde"
apartment buildings by half year in Corbeanca would have by
in areas such as Politehnica, year-end 300 villas of brick
Turda, Herastrau, Otopeni, construction and 100 ecologic
Bucharest-Targoviste, Unirii. houses on small weight structure
(wood isolated with mineral
The price of a one-room apartment cotton).
is between €40,000 euros and
€90,000 euros, whilst larger The price of a villa in this area
apartments range between €50,000 could reach to €500,000 euros,
euros and €240,000 euros. with the ecologic construction
adding up to 35 per cent to the
Triumf Construct shall provide price. In the Tunari-Pipera area
some 130 apartments in the (the "American Village") 31
Bucharest Noi area in September, villas will be ready in August,
of which 20 have already been is ranging between €158,000 euros
contracted. 163 houses are to be and €270,000 euros.
built here by 2007. Such a villa
About the Author:
The Right Move Abroad specialise in emerging markets and their knowledge of these new markets has made them a dynamic force in an age when inv esting in the overseas property markets is proving to be one of the best forms of investment. For more details about property in Romania, please visit http://www.therightmoveabroad.com
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Michael Johns
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