While developers of the Militari Residence project in western Bucharest have penthouse studios costing EUR23,000 in their offer, Norwegian investment fund Romania Invest is trying to sell a five-room penthouse on Soseaua Nordului road, across from Herastrau park, which costs EUR750,000. As far as prices are concerned, there are offers for all kinds of buyers, with developers promoting over 1,200 in districts such as Titan, Dristor, Vitan, Pipera and Militari at the fair.
The current sales rate, of around 4-5 apartments per month for most projects, is putting off plans to develop new blocks of apartments, with the situation not likely to change until the current stocks run out and until banks are willing to lend again.
(English version by Daniela Stoican)