“We saw the start of the most complex development in an upscale area in 2018, One Mircea Eliade, with an impressive number of apartments, 240; 2019 will add to this trend with at least ten new projects set to begin construction and deliver about 200 apartments,” says Mihaela Pana, Partner Residential Agency with real estate consultant C&W Echinox.
Prices will continue to rise by about 10% in 2019, but will stabilize in the medium run, she added.
The new projects will rely on a different architecture and new amenities, as well as location in an exclusive area such as Primaverii, Aviatorilor and Kiseleff, for attractiveness.
“The number of new luxury apartments available in 2019-2020 will therefore reach about 500 to 600 units.”
(English version by Loredana Fratila-Cristescu)