The company has brokered the transaction of a historical monument villa in the capital city, Bucharest, worth over EUR4 million, a contract which doubled the value of transactions on the luxury real estate segment carried out by the company this year.DTZ Echinox did not provide further details on the buyer and the seller.
Compared with the previous years, the most active clients on this segment were, besides the direct beneficiaries of the real estate, local investors, who opted for villas and apartments in new buildings in the northern side of Bucharest. Budgets for buying such properties start from EUR250,000 and may reach several millions of euros for certain villas, depending on location.
According to DTZ, the local residential market currently provides a relatively low number of luxury residences, especially as regards villas.