[David howe]

Exceptional investment properties are still available in Bucharest at around 2000 per meter and if Invesors stick to the center or the metro lines there is still very good value to be had with rental yields in and around 6-7%

www.investmentromaia.com

Originally Posted by Transylvania Investment

I very clearly refered to the new developments in areas like Pipera and Tunari and to many other such developments around Brasov, Cluj, Sibiu, Timisoara, Iasi, etc, etc, etc. The country is too full of them.

No the price of properties in the centre of Brasov will not slump because the price per 1 sq. m. was and is still a very good one (1500 - 2000) whereas in Bucharest 5000 means they have reached their peak and will not go up any further if they are in central area. It is ridiculous to ask for a property in Bucharest more than for a similar one in Hague, Paris or Prague. Simple, common sense issue.

I agree there is undersuply in Bucharest, nevertheless whatever it's being built there and will go on to be built in the area is not covering the real demands of the locals with few exceptions. If your office is on one side of the city and your residence in some village on the other side of the city, you will spend between 2 and 3 hours to go to work and 2 and 3 hours to get back from work, because Bucharest has a mess of an infrasturcture, to many cars, too less parking spaces and a shabby public transport.
Bratislava shows prices of over 5000/sq. m because you can actually bike to Vienna and many offices moved from Vienna to Bratislava and also despite the massive new development they have a smooth infrastructure, decent public transport and parking facilities.
So as long as the authorities are not establishing some rules re building in Bucharest and don't put money in developing the public transport and the infrastructure, asking 5000/ 1 sq. m. even in the centre of the town is pure madness.