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When will the prices of apartments in Romania settle down
Only in the first month of this year, apartments marked up in price on average 15-20%, according to information given by the specialists DTZ Echinox, further stating this tendency shall be maintained also in the next months of this years.
"I observed during the first month after adhesion of a growth of 15-20% of prices to the apartments from the Capital -Bucharest . This sudden jump wasn't accepted totally by customers so that their reaction has been one of expectation, trying to understand the trend/standards enforced by adhesion" said Victoria Linca, consultant DTZ Echinox
According to the spokeswoman DTZ Echinox, the rate of growth/ rate of profit chalked up this in month is bigger than the one taken in January 2006." 2006 was characterized by a jump of the prices all over the 12 months, and the beginning of this year is atypical", Linca completes. The consultant DTZ appreciates that there is / exists a link between the growth of the prices and the integration in European Union.
The analysts of the real estate consulting company sustain that the Romanian rush after houses does ensure that the price of apartments don't decrease, in fact, the costs for the acquisition of an apartment jump constantly. Real estate agents share the same options, believing in a growth during 2007, of5-7 % of the prices for houses, especially to one from the central zones.
The prices shall continue to increase. At least this is tendency of the market and this is caused, in present, by the fact that the offer is request is bigger then the offer."
Roxana Gologan, from Agentia Lelimond, considers the price of apartments jumped a lot during last year, but that it should stabilize in the next years. "The request is big forapartments as much in uptown as in the peripheral zones, as the transactions are done depending on the budget of the buyer. Currently, apartments are more searched for with two rooms new residential developments", spokeswoman Agency Leliomond.
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A recent study of the consulting company Colliers, sustain that in the last half of past year, in Bucharest started almost 11 residential projects, which will bring on sale, up to the end of 2008 almost 8.800 of houses. These are situated as much inside the exclusivise zones, such as Baneasa, the forest Tunari, as in inexpensively neighborhoods of Bucharest, as Vacaresti zone or Bd. Nicolae Grigorescu.
The prices of the apartments fluctuate depending on zones, the difference between a central zone and a peripheral one is bigger than in small towns.
According to the prices, the the request is big for the new apartments and for the elegant villas situated in the central zones and in the north, closer to The Centrul Civic, as well as for the luxurious zones already acknowledged: Spring, Aviatorilor, Kiseleff, Dorobanti, Herastrau and Floreasca.
Due to the lack of available land for future projects in the Primaverii zones, Aviatorilor, Kiseleff, Dorobanti and Herastrau, it is known that new projects shall be finalized in 2007 and shall have an average prices of 3, 000 Euro mp.
The apartments situated in the best places will have a high-grade finishes as well as of a very good apportionment.
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If the metropolitan zone of Bucharest is expanded, zone Centrul Civic shall gain ground and shall become more and more attractive by reason of, on the one side, the buildings with the classic architecture witch will be consolidated and renovated, and on the other side by the reason of the new buildings which classicizes. Having the advantage of all the assets offered by towns, an output the growth of the prices in the central zones such as: The market Unirii, Piata Universitatii, Piata Romana and Calea Victoriei are to be expected.
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