I very clearly refered to the new developments in areas like Pipera and Tunari and to many other such developments around Brasov, Cluj, Sibiu, Timisoara, Iasi, etc, etc, etc. The country is too full of them.

No the price of properties in the centre of Brasov will not slump because the price per 1 sq. m. was and is still a very good one (1500 - 2000) whereas in Bucharest 5000 means they have reached their peak and will not go up any further if they are in central area. It is ridiculous to ask for a property in Bucharest more than for a similar one in Hague, Paris or Prague. Simple, common sense issue.

I agree there is undersuply in Bucharest, nevertheless whatever it's being built there and will go on to be built in the area is not covering the real demands of the locals with few exceptions. If your office is on one side of the city and your residence in some village on the other side of the city, you will spend between 2 and 3 hours to go to work and 2 and 3 hours to get back from work, because Bucharest has a mess of an infrasturcture, to many cars, too less parking spaces and a shabby public transport.
Bratislava shows prices of over 5000/sq. m because you can actually bike to Vienna and many offices moved from Vienna to Bratislava and also despite the massive new development they have a smooth infrastructure, decent public transport and parking facilities.
So as long as the authorities are not establishing some rules re building in Bucharest and don't put money in developing the public transport and the infrastructure, asking 5000/ 1 sq. m. even in the centre of the town is pure madness.

Exceptional investment properties are still available in Bucharest at around 2000 per meter and if Invesors stick to the center or the metro lines there is still very good value to be had with rental yields in and around 6-7%

www.investmentromaia.com

One in 100,000 properties still values 2000/ 1 sq. m. in Bucharest. The regular price is 3000 to 3500 for central area and the metro lines.
We've offered and continue to offer exceptional deals on our website, however the occassions when we come across something around 2200 are rare and I am sure it is the same in your case.

Actually no, we can still get very good centrally located & Dorobanti at under 3000 a meter and Unirii Bvld at 3,500 stacking up to 6-7% rental return. Anyone looking good quality new build on metro line is available at Dristor and Golescu at 2000 per meter some with guaanteed rental contracts in place.

INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania

If one takes the ads placed by owners on Romanian real estate websites, for example he will see ads at 5,000 EUR/ 1 sq. m, as well as ads at 2,200/1 sq. m, because there is not even a common sense rule operating on Bucharest market. A valuator alone can say how much a place is worth, but that would not necessary stop owners and agents to sell for a higher price. We've also recently sold in Unirii area for 3,250 EUR/ 1 sq. m. However the trend of Bucharest is high prices for low quality. We've recently been shown an apartment on Dorobanti purchased for 5,000/ 1 sq. m. and another for sale in Herastrau area for 5,200/1 sq. m. and this is by all standards, sick!
Glad to see you offer quality for the new development in Dristor. This is rare for new built/ off plan. I salute you and congratulate you for this offer!

If one takes the ads placed by owners on Romanian real estate websites, for example he will see ads at 5,000 EUR/ 1 sq. m, as well as ads at 2,200/1 sq. m, because there is not even a common sense rule operating on Bucharest market. A valuator alone can say how much a place is worth, but that would not necessary stop owners and agents to sell for a higher price. We've also recently sold in Unirii area for 3,250 EUR/ 1 sq. m. However the trend of Bucharest is high prices for low quality. We've recently been shown an apartment on Dorobanti purchased for 5,000/ 1 sq. m. and another for sale in Herastrau area for 5,200/1 sq. m. and this is by all standards, sick!
Glad to see you offer quality for the new development in Dristor. This is rare for new built/ off plan. I salute you and congratulate you for this offer