Biggest “real estate project”: Unirii apartments, worth one billion euros

The around 6,000 apartments located on Unirii Boulevard of Bucharest, between the Parliament Palace and Piata Alba Iulia, have a market value of approximately 1bn euros, and can be considered the biggest real estate project ever carried out in Romania, especially if investments in the People's House (Casa Poporului - currently the Parliament Palace) are taken into account. Project construction lasted for more than ten years, with the goal of Nicolae Ceausescu being to provide housing units for politicians due to work in the People's House. Housing units were designed to be bigger than the rest of Bucharest apartments, and the location and technical parameters make these apartments relatively earthquake proof. Despite this and prices ranging between 150,000-200,000 euros per apartment, residents of the area have their reasons of discontent.