Old apartments make bulk of Q1 deals, Coldwell Banker says

“Areas such as Militari or Drumul Taberei, which have a large amount of residential units have attractive sales prices at this moment, of EUR 1,000 per sqm for 3 and 4-room suits and up to EUR 1,200 per sqm for studios and two rooms apartments. The latest are the most required units,” said Catalin Serbanescu, managing partner of Coldwell Banker's office in Banu Manta.
For example, a 34 sqm-studio in Drumul Taberei, Moghioros area is priced at EUR 41,000, while a 3-room 71 sqm -apartment in Militari can be sold for EUR 67,000 sqm.
“More than ever, a powerful statement in pricing the apartments is delivered by the construction year of the block, before or after 1977. The banks look for this detail in granting the loans but this reference is also taken into account in notaries' commission calculations or other fiscal taxations,” said Serbanescu.
The real estate consultancy agency representative thinks that the months to come will bring transactions related mostly to the old apartments segment, where the prices are expected to be lower.
Magda Purice