Over the past four years, HILS Development properties in Theodor Pallady have seen substantial value appreciation, exceeding the area average and similar projects in Bucharest. According to the “New Capital” analysis by HILS Development and based on Imobiliare.ro data, the value of a two-room apartment in the HILS Pallady complex increased by 42%, compared to the area average of 28%, surpassing projects in areas like Aviației, Berceni, or Titan.

“Over the past four years, Theodor Pallady has become increasingly attractive to both homebuyers and property investors. Infrastructure development, metro proximity, and a key commercial hub have significantly boosted demand for new apartments and raised both sales and rental prices. HILS Development has actively contributed to the area’s transformation, and with six completed or ongoing residential projects, we are proud to have played a key role in its growth,” said Bogdan Bălașa, General Manager of HILS Development.

“While Bucharest residents have shown general interest in new homes over recent years, today’s selection criteria are becoming more sophisticated. Living quality, developer reputation, and access to infrastructure weigh increasingly in the purchase decision. Theodor Pallady exemplifies this trend, as its residential developments and infrastructure investments continue to attract more buyers,” added Daniel Crainic, Marketing Director at Imobiliare.ro.

The demand for family-oriented homes in Bucharest has almost doubled in the last four years, with Theodor Pallady emerging as one of the most attractive new neighborhoods. Demand for apartments priced between EUR 100,000 and EUR 150,000 grew by 94%, while demand in the EUR 80,000–EUR 100,000 range rose by 63%, placing Theodor Pallady alongside neighborhoods like Drumul Taberei and Berceni.

Theodor Pallady ranks among the top three neighborhoods for real estate investment returns in Bucharest, with a gross yield of 7.2% for two-room apartments, outpaced only by Berceni (7.3%) and Militari (9.4%). Rental prices have also seen a significant increase:

Studios: EUR 380/month (+41% since 2020).
Two-room apartments: EUR 497/month (+35%).
Three-room apartments: EUR 555/month (+34%).

By comparison, the lowest investment returns for new two-room apartments were recorded in Regie (5%), Politehnica, and Muncii (5.1%).

A new apartment in Theodor Pallady sold in an average of 42 days this year, 17 days faster than the average for other Bucharest areas and seven days faster than four years ago. Theodor Pallady now ranks among the fastest-selling neighborhoods, alongside Regie (42 days) and Nicolae Grigorescu (33 days).

Rental Market Trends in Bucharest:
Rental prices in Bucharest have increased significantly over the past four years:

Studios: EUR 380/month (+41%). Comparable increases were seen in Aviației and Pipera.
Two-room apartments: EUR 497/month (+35%). Similar growth was noted in Militari and Crângași.
Three-room apartments: EUR 555/month (+34%), with higher increases in Drumul Taberei, Pipera, and Militari.

How Apartment Prices Have Evolved in Bucharest Over the Last Four Years:

Prices for new two-room apartments in Bucharest increased by 21% to 116% since 2020. The smallest increases, up to 25%, were in areas like Basarabia Boulevard (EUR 111,201), Obor (EUR 120,995), and Berceni (EUR 74,000). The highest increases were in Drumul Taberei (+116%), Gorjului (+65%), and Regie (+62%), where prices now average EUR 112,000 and EUR 145,000, respectively.

In Theodor Pallady, the average price of a two-room apartment reached EUR 83,096 in 2024, marking a 28% increase over four years. The most expensive neighborhoods for such apartments remain Muncii (EUR 157,808), Aviației (EUR 150,000), Regie (EUR 145,000), and Politehnica (EUR 141,200).

The real estate developer, Redport, has reported record financial results for the first 10 months of 2024. The company achieved pre-sales of residential units and pre-leases totaling over RON 200 million (approximately EUR 40 million), nearly double the total performance for the entire year of 2023.

“The results reflect the trust our clients place in our projects and the commitment of the Redport team to deliver homes and spaces that meet the highest quality standards. Achieving sales exceeding 40 million Euros by October demonstrates the strength of our vision and business model,” stated Cosmin Savu-Cristescu, CEO and founder of Redport.

Infinity Nord I – Pre-sales and pre-leases were valued at an estimated EUR 20.7 million. The project attracted interest for 106 apartments, with more than half being two-bedroom units, and one-quarter being three-bedroom units. Most of these purchases were made for investment purposes.

The Level Apartments III – A total of 75 units were sold, amounting to EUR 10.8 million. Two- and three-bedroom apartments were the most sought-after, followed by studios and four-bedroom units. The project attracted an equal share of investors and end-users.

The Level Apartments IV – Pre-sales totaled EUR 8.7 million for 62 apartments, with over 85% of buyers being investors. Half of the transactions involved studio apartments, followed by two-bedroom and three-bedroom units.

Redport owns land in Bucharest’s New North, in the Străulești – Petrom City area, where it plans to develop over 2,000 apartments and 15,000 square meters of commercial spaces in the next five years. To strengthen its position in Bucharest’s real estate market, the company aims to expand its portfolio with new projects in other areas of the city.

“Building on the success of our current developments, we are preparing to launch an ambitious new project with over 500 units in the city’s eastern area. This urban redevelopment project has already been approved and reflects our vision to redefine urban living in Bucharest by creating integrated communities,” added Cosmin Savu-Cristescu.

To accelerate ongoing projects and capitalize on new opportunities, Redport has decided to increase its share capital by bringing in new shareholders alongside its existing investors. A private placement, managed by financial investment services firm Goldring S.A., will secure additional capital of up to EUR 5 million.

WIN Real Estate begins construction and WIN Brokers launches sales for the last building in the WIN Herăstrău residential complex, located in the Şoseaua Nordului area of the capital. The new building will have a limited number of 50 apartments and commercial spaces.

Given inflation, the war in Ukraine, the post-pandemic effects, the unpredictability of logistics chains, the more careful construction authorization process in Bucharest and other factors, the cost of construction works has increased significantly. To counterbalance these pressures and facilitate access to a wider category of customers, apartments in the new building will be able to be purchased in two ways: a) in the classic system, the full price of the apartment and the land on which the construction is located is paid; b) in a system inspired by Western Europe but for the first time on the Romanian market: the full price of the apartment is paid and the adjusted price of the land on which the construction is located will be paid over a period of 30 years.

The developer anticipates the completion of construction works in February 2027.

Source: Profit.ro

Real estate developer Park Properties will launch construction of the third block in the Sun Lake Residence project, located on the shores of Lake Fundeni in the Capital, in 2025, and will reach a total of over 300 apartments in this project.

“The Sun Lake Residence project located on the shores of Lake Fundeni has 308 apartments and 350 parking spaces. We have completed the first two 12-story blocks, a total of 140 apartments, and we have sold all the units in the complex, we only have a few penthouses left. We intend to start the 18-story block in 2025,” explained Alexandru Mănăilă, managing partner, Park Properties.

Park Properties sold about 70 apartments in the Sun Lake Residence project in 2024, and the block on which construction begins in 2025 will include 168 apartments. Currently, the developer is finalizing the landscaping of the complex’s courtyard and wants to start handing over the units by the end of the year.

Source: zf.ro