Boiler vs Central Heating. Advantages and disadvantages of each and how it effects apartment price. As far as the heating of your house goes, you must take into consideration several things that will directly hit your budget: type of heating, surface of your home and type and quality of the layer of insulating material utilized. As first step you may want to check with the constructor or with the real...
The real estate market has been shaken after the 2009 recession and Romania’s capital was one of the locations that suffered a lot from it. However, in time, thanks to the speedy recovery of Romania’s economy, the real estate market grew and grew to the point where it achieved the highest increase in the past 5-7 years. The many sectors of the market, from office buildings to the industry have...
Romania has not experienced high level earthquakes in the past few years, with the most devastating one taking place in the 70s, but a recent discovery made by the authorities has shown that almost 400 buildings are under a seismic risk in the city alone. Bucharest is known as one of the capitals with historical buildings everywhere, with a few locations thriving upon this (the Old Town as an...
Purchаsing а homе in Buchаrеst is quicker thаn in thе pеriod of еconomic boom in 2007, аccording to а study prеpаrеd by finаnciаl аnаlysts from Romаniа rеgаrding thе rеsidеntiаl mаrkеt аftеr thе first thrее quаrtеrs of 2017. Thus, tаking into аccount thе chаngеs mаdе in thе lеgislаtion of thе country, thе recent еconomy growth аnd thе incrеаsеd...
If you are a foreigner and you want to buy property in Romania, you need to find out what rights and obligations you have. Although the Romanian Real Estate market is flourishing, it might be tricky to have your own place, depending on your citizenship. Starting from 2012, citizens from EU and EEA can obtain a place to live in Romania in the same way as any Romanian citizen. They can buy, receive it as...
In the past few decades, Romania has become a hub for foreigners who want to purchase a house or an apartment in the midst of the beautiful Romanian capital. However, many are afraid of the famous bureaucratic system of Romania that they will have to go through in the process of buying or selling an apartment in this country. At the same time, many are afraid of the language barrier that may exist when...
The necessary documents and steps you should follow for purchasing an apartment in Romania. Find a real estate agent, Decide on location, sign pre-contract, sign purchase...
Although most investors perceive Bucharest as cheap, the city does have its luxury properties. The current most expensive apartment in Bucharest costs a whopping $3,800,000 and can make even the most exuberant buyer blink. The apartment is located on the 4th floor of a 5-floor building and includes 7 rooms and 5 bathrooms. A total living area of 450 m2 is more than generous given the fact that typical...
While the real estate market has been stagnant for the last couple of years with little to no action being registered, 2014 brought a huge change in the market with 2015 leading the way to more development. While condominium sales have had a small yet steady rise since the end of the financial crisis, land sales have plummeted, with little demand for residential or industrial properties being the main...
The real estate market in Bucharest and the rest of Romania registered an impressive growth in 2014, despite what some specialists predicted as another year of stagnation. The new optimism found in the market has led to investors reconsidering or restarting projects which were flat-lined when the financial crisis hit the country in 2008 and 2009. The Spanish developer Hercesa for example has announced it...
