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Land for Developers

Developers pay up to 3,000 euros / sqm for land downtown

Investment funds interested in the opportunities offered by the real estate market in the Capital acquires land around 1000 square meters in central areas with prices ranging from 1,200 to 3,000 euro / sqm. According to real estate agency Palace estate, luxury estate transactions and land in central Bucharest in the last year have increased by at least 10%.
"It is obviously an increased appetite of investors in the real estate market in Bucharest. Many of the projects that have stalled in the past four years were released and scheduled for completion mid 2016. The most popular areas are those where more than 1,000 square meters will be constructed office buildings, commercial premises and hotels, "says Yaniv Dahan owner Palace Estate Agency.
Regarding the trend of individual purchasing , they are more interested in the purchase of land in the northern area of ​​Bucharest. "Most of the applications we receive for surfaces between 400-3500 sqm bound individual houses or residential complexes. Pipera-Tunari area has become a magnet for investors and for individuals and expatriates due to private educational centers in the area. Now in Pipera are located most popular private schools and kindergartens in Bucharest "says Corina Cherciu Palace Estate sales manager.
Increased demand for land in northern Bucharest did not affect price developments over the previous year, say brokers Palace Estate. Land prices in Pipera American School Turani- varies between 130 and 200 euro / sqm and located near the ring road area are sold under 100 euro / sqm. In Pipera-Iancu Nicolae area-Sos. Petricani price of land varies between 150 and 300 square meters and in Pipera-Iancu Nicolae-Zoo prices are between 200-600 euro / sq m. According to analyzes conducted by the Palace Estate, the real estate market will continue its dynamic growth in terms of transactions without having the effect of a price increase.
With a portfolio of over 1,500 properties, the agency has become the most important player in the region north of the capital, two offices located in Iancu Nicolae sauce and gravy. North. Palace Estate Clients include Israeli Embassy, ​​US Embassy and Ambas Republic of Pakistan, the agency provides comprehensive relocation. The Palace Estate portfolio falls and all City Point, sold under exclusivity by the Agency.

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HUB of Properties

Central Bucharest, the hub of properties listed for more than € 1 million

According to a Palace Estate analysis, the investments made in renovating the luxury villas in the central part of Bucharest have increased the market value for this area, as prices are now comparable to those in Prague or Bratislava.
Based on the analysis, the value of the buildings in central Bucharest has increased considerably due to the investments made in renovating them. At the moment, properties with surfaces larger than 500 sqm are estimated at over € 1 million and can be rented for € 6,500 and € 10,000 per month.
“Most of the luxury properties in the Unirea, Universitate and Victoriei Square are part of the historical patrimony of the city and the renovations have been made respectiv their historical identity. They are seen by thieir buyers as investments, as their value is expected to grow along with the development of the central part of the city. Most of our clients are legal entities, companies that are in search of spacious offices, with personality”, said Yaniv Dahan, Palace Estate CEO.
A 19-room villa, located in the city’s Old Center, which has been used until now as commercial real estate and office space, is on the market for  € 1 million or it can be rented for € 10,000 per month. For a bit over € 1 million, more exactly, € 1,2 million, you can buy another mansion in the Universitate area or rent it for € 6,500. Another villa, available in the same area, has 7 bedrooms and 7 bathrooms, is fully renovated and can be bought for € 980,000 or rented for € 7,500 per month. The 480 sqm house has its original architecture and decorations.
A little bit more up north, in the Victoriei area, shoppers interested in architectural monuments can find a € 2,2 million, renovated in the original style. The spacious rooms recall the unique parties of the inter-war era and preserve a touch of the elegance of the age it was built in.
Most of the renovated buildings from the center of Bucharest, estimated at prices over € 1 million, are kept by the owners and rented for prices ranging between € 3,500 and € 10,000, depending on the surface.

 

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Business trend

Business trend –invatamantul privat, o noua zona de profit a investitorilor in nordul capitalei | Business trend: private education, a new area of profit for investors in the northern part of Bucharest

Children who graduate from private kindergartens speak at least one foreign language, have Maths, Science, reading or even Economics skills and are accustomed to public speaking and interacting with children and adults alike, without any of the stage-jitters associated to talking in public. The curricula used in most of the kindergartens focuses on developing both the children’s IQ and EQ. Their knowledge is, of course, age-appropriate to 6 or 7-year-olds, but it provides them with a strong set of skills as starting block for their education.
Over the past years, the number of private kindergartens in Bucharest has seen a spectacular rise and, based on the demands for spacious buildings made to real-estate agencies, this ascending trend will continue. In the following article we will list some of the most prestigious private kindergartens in Bucharest, along with information about tuition fees and curricula.

The British School of Bucharest is one of the most exclusive education institutions in the city. Founded in August 2000, it offers high-standard, internationally-recognized curricula for students as young as 2. The institution aims at developing confident, motivated, self-disciplined learners, with a strong intellectual foundation that prepares them to continue their education anywhere in the world. The tuition fees are of €17 790, not including the € 1,000 registration fee.
The students of the American International School of Bucharest Kindergarten are exclusively taught in English. Surrounded by a multicultural educational community, children learn to trust themselves, think freely, to be perseverant and organized. In other words, they learn how to reach their maximum potential from a very young age. The registration fee varies from € 800 to € 3,000, while one year’s tuition costs between € 14,040 and €15,450.
There are four kindergarten groups at the International School of Bucharest: pre-Nursery, Nursery, Reception and 1st year. The institution follows the National Curriculum of England and Wales, which is adapted to meet the needs of the international student body attending its courses. The students learn in a multicultural community, whose goal is to provide them with the best possible program of academic and personal development. Tuition fees vary between € 6,950 and € 8,375, the € 300 admission
At the Little London Pipera kindergarten, children are taught in English, through games and multi-sensorial activities. The educational approach is a holistic one, based on a multitude of resources and experiences. Parents who want to sign up their children there need to know that the yearly tuition fees vary from €375 to €755 per month, as well as a registration fee of €300.
The Ioanid Kindergarten offers flexible schedules, which include activities based on the national curriculum for preschool education, a foreign language, which can be English or French or piano. The admission fee and yearly tuition total € 7580 per The Olga Gudynn International School alternates teaching in Romanian and English, in order to allow children to communicate correctly and fluently in both languages. Through games, students are challenged to take part in science  experiments or to learn the basics of sculpture and wood carving. Based on the extra activities elected for their children, parents pay between €460 and € 540 every month.
The majority of the private kindergartens in Bucharest are located in the Pipera-Tunari area, one of the quickest growing areas of the city. The developing neighborhood offers its inhabitants the possibility of a luxurious and tranquil lifestyle, only a short drive away from the city’s bustling business district. Most of the families who choose to live here are attracted by the array of high quality educational institutions, as well as by the spacious, family-friendly houses available. Recently built, tastefully decorated and furnished, with large gardens, indoor and outdoor swimming pools, the houses on the market for rent or sale in the Pipera-Tunari area are ideal for raising a happy, content family.


 

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