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Developers try to sell more around Bucharest

Autor: Izabela Badarau

08.09.2010, 00:08 28

Of the over 5,000 new housing units promoted at the tIMOn realestate fair, due to start on Thursday in Piaţa Constituţiei ofBucharest and continue until Sunday, September 12, around 60-70%are located in the neighbouring areas of Bucharest.


"There are also small projects, in downtown Bucharest, in areassuch as Victoriei or Cişmigiu, with fewer than 50 units. There arecomplexes in established housing areas, Militari or Titan, withmore than 100 or even 200 units, but most offers are at theoutskirts of Bucharest," said Vlad Vlăsceanu, manager of theevent.
The explanation is linked to the higher availability of land inBucharest neighbouring areas than in downtown areas, heexplains.
Over 100 real estate projects will display their offers at tIMOnfair, belonging to the almost 50 attending developers. Of these, 22exclusively come to tIMOn, the organisers say.
Besides the new units on offer, 4,000 old homes will also bepromoted at the fair, with participants also including 25-30brokers and real estate agencies.

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