According to the survey, property in Bucharest areas where important infrastructure projects have been completed, such as the Basarab overpass, the Pipera overpass and two new subway stations (Parc Bazilescu and Pajura), could see an increase in price and demand this year.
In 2011, prices stayed at 2010 levels, after two years of significant decline for plots in central and semi-central areas.
Thus, prices reached EUR400-450 per square meter in the Lujerului area (compared to EUR800-900 in 2008), EUR450-500/sqm in the Timpuri Noi area (compared to EUR1,200-1,500 in 2008) and EUR500-600/sqm in the Progresului area (from EUR1,200-1,500 in 2008).
The Barbu Vacarescu-Calea Floreasca area remains among the most expensive, at EUR900-1,000 per sqm at the end of 2011, compared to EUR1,400-1,600 in 2008.
“For 2012 we expect the market to remain stable,” the report notes.
Regarding demand, The Advisers’ analysts expect a slight increase, coming from office building developers and large retailers, who are not depending on bank loans.
The negotiation margin for plot prices is 10%-15%.