Our client, Palace Estate has issued a study about the north area of Bucharest.
The fulminant increase of Floreasca – Barbu Vacarescu -Pipera office area brought clientele for the residential segment of the market as well, the real estate listings here being sold for prices between 1,300 – 1,500 EUR/ built sq. m + VAT, according to the latest market study of our client, Palace Estate, that was issued today.
Most of the corporate employees that work here have a medium monthly net income of 1,000 EUR and cannot afford to buy a three-room apartment for 200,000 EUR, which is now the medium price level with VAT and one parking place included for a two-bedroom unit. After the completion of infrastructure works in Pipera area, the residential condominiums here have become an alternative for those in Barbu Vacarescu, the prices of the apartments in Pipera ranging between 950-1,100 EUR/ built sq. m + VAT.
The study has gained media attention, being followed up by Ziarul Financiar, The Trends, New Money, Business Cover and Business Review!