Demand for luxury apartments in northern Bucharest has increased, both in terms of intentions and transactions. The most sought-after are three-room apartments in the areas Aviatorilor, Dorobanti, Primaverii and Floreasca, where demand grew 40% in the first quarter and the number of rentals grew by 21%, according to a report by Nordis, which handles over 2,500 properties in northern Bucharest.
Supply, on the other hand, only rose by around 5% in the same period.
In the Herastrau area, demand rose by around 35% and the number of rental deals grew 11% in the first quarter.
In the Pipera area, demand grew by around 30% for both villas and apartments. The highest demand was for housing for less than EUR1.200/month. Luxury residential rental deals rose 17% in the first quarter in the Baneasa and Pipera areas.