Facts You Should Know About Bucharest Real Estate Market

Whether we are considering buying apartments, land or houses for own-occupation or as an investment, for office spaces or for industrial use, Bucharest’s real estate market is very diverse and dynamic. There is generally an ascending trend in the market in spite of a number of challenges and stagnation within some of the market’s segments. Particularly, the building activity in the residential segment has intensified, and new home purchases have also risen in number.

Where to Buy an Apartment in Bucharest

Bucharest’s residential sector is currently booming. Where are the best places to purchase an apartment in Bucharest? Interestingly so, many have asked this question, and there seems to be no absolute answer. It is not just as easy as either considering the high-end Northern areas, or the relatively cheaper Southern areas of the city. The answer to that question, therefore, will depend on certain factors. Let’s ponder a few questions you need to ask yourself before you make this important decision to purchase.

Are You Seeking a Standard Apartment or a Luxury Apartment?

Luxury apartments usually have a very different market from the standard apartments. If you want to experience first-hand Bucharest’s cultural events and vibrant nightlife, the city center may be the most ideal choice. Those who want to have their home within close proximity to the city center while enjoying a cool and quiet neighborhood will definitely love Cotroceni. People who would like to be at the middle of everything may consider Piata Unirii, Piata Alba Iulia and Piata Universitatii.

The very premium areas are fewer, majorly the city center, Cotroceni, Aviatorilor, Baneasa, Dorobanti and Herastrau.

The Northern area is popular amongst foreigners with families and locals with a good financial status. You may be thrilled by its close proximity to Bucharest’s major airports. It is less polluted, served with upper-crust schools, wonderful shopping centers, and exclusive business parks.

Are You Keen on Property Investment in Bucharest?

If you are seeking to buy an apartment in Bucharest for investment purposes, you may want to consider the categories of prospective tenants you are able to get without much struggle. Your main aim I believe is to maximize your returns as you reduce your overall costs. Since Bucharest is increasingly becoming popular with foreign students who come to study here and foreign companies, targeting the expats may be a plus for you. The city center is ideal, from Cotroceni where the University of Medicine is located, to Piata Unirii, Piata Victoriei to Piata Alba Iulia.

Are You Looking for a Home for Your Kids?

To house your family with kids, you may want to look into the availability of schools within the neighborhood for your kids. If you depend on public transportation to your work-place, you consider the transportation networks. Tineretului is particularly ideal to buy an apartment in Bucharest as it is served by the underground transportation networks. Those seeking green neighborhoods with nice parks would love Titan and Drumul Taberei. The more affluent will tend to love Herastrau area and other areas North of Bucharest.

So, Where Should You Buy an Apartment in Bucharest?

As you may have noticed, this question does not have a definite answer. It all depends on the purpose of your acquisition, lifestyle, and the need you would like to satisfy. Whether you are looking to purchase your dream home or seeking to invest in real estate, this is an important decision that requires forethought in order for you to make a great decision.