The number of foreigners has remained constant, while Romanians are quickly catching up. The budgets earmarked by Romanians to rent properties are 25-30% lower than the budgets earmarked by expats.
In the first six months of 2016, the bulk of premium housing units were leased for EUR1,000-1,800 per month and most of them were three and four-room apartments located in the areas of Herastrau-Soseaua Nordului, Aviatorilor, Primaverii, Baneasa-Pipera, Dacia-Polona.
Most Romanians renting premium housing units in northern Bucharest in 2016 are entrepreneurs and middle and top-level managers of multinational companies located in Bucharest’s northern and central areas, as well as sportspeople and celebrities.
In the first six months of 2016, rental rates on the premium segment (Bucharest’s central-northern area) remained relatively constant, despite growing demand.
The group of real estate firms Nordis (Nordis for real estate brokerage, Nordis Administrare for property management and Nordis Investments for investments and real estate development) has a portfolio with over 2,500 premium properties in Bucharest’s northern areas, which are up for sale, rent or administration.