you can download the market study here<\/strong><\/a>)\n<\/p>\n\n\tSemicentral and Periphery: Still attractive for investors who really search… <\/strong>
\n\tHaving studied all Bucharest, I was impressed by the figures of some areas in the periphery of the city. From Camil Ressu to Iuliu Maniu and from Obor to 13 Septembrie and the Northern part of Mihai Bravu… you can easily feel the difference between these locations and other areas, more central ones but with less potential for investors. Despite the drop in rental prices, these zones still attract the investors who really search. Why?There are many reasons and today we can unfold some of them…\n<\/p>\n\n\tLocation, location, location<\/strong>
\n\tExcept Drumul Taberei and Militari, the other areas are not far from city's center. This is why they are very important. In people's eyes, center is expensive. So except some areas, it should be avoided. On the other hand, if they stay at Camil Ressu (for example) they reach the center in just few minutes time, by metro or car. Add a park, commercial activities and other advantages and it is not difficult to realize why hundreds of thousands of people prefer these locations.\n<\/p>\n\n\tResidential market: These areas are top choices for middle class Romanians<\/strong>
\n\tIf you ask 1.000 Romanians who belong to middle class, most of them prefer to stay either in Dristor, Titan, Tineretului and Vitan zone, or Obor, Marriott – 13 Septembrie, Drumul Taberei and Militari (the last option only because of too many companies and jobs located at the western exit of the city). There are more options ofcourse, but these cover about 70 – 80% of people's answers. So, from residential point of view, these areas are popular. Due to their location, the lower cost of living and the package of "good facilities and social environment offered at an affordable price".\n<\/p>\n\n\tSimilar prices to the central locations!<\/strong>
\n\tThis is why many apartments in these areas have similar prices with the ones in the central locations! Demand is stronger in these parts of the city and the supply of good properties is limited. Thus there are not too many properties which worth their price. But still, people avoid the center, considering it expensive (a typical prejudice) and concentrate on these locations.\n<\/p>\n\n\tHaving the people, you have a blossoming market too<\/strong>
\n\tWhen there is an area with lots of middle class people living there, it is very easy for commerce to grow and blossom there too! This is why there is constant demand for spaces in all these areas. Especially the main boulevards, which host hundreds of thousands of citizens every day (crossing them on foot, by bus or car) are steady sources of revenues for retailers who have expanded their business there, provided that the rent they pay is not insane.\n<\/p>\n\n\tThe comparison and the investors' choice<\/strong>
\n\tMany times we reach the "crossroads" where an investor has to decide: Should he invest in a property located in the center of Bucharest, in a small street? Or should he choose a property located in the periphery, but on the top boulevard of the zone? When characteristics are the same and if the central property does not have any special added value, then the investors who know Real Estate usually choose the property in the periphery.\n<\/p>\n\n\tThis is why top semicentral properties or in periphery will not collapse…<\/strong>
\n\tRental prices are expected to contract furthermore. People will notice the same trend for sale prices too (they are connected). But top properties in the periphery of the city or at semicentral areas will not collapse. Don't expect them to be sold for "nothing". Demand will not cease, thus retailers' interest will remain strong, just the rental prices will be "adjusted".\n<\/p>\n\n\t"What about the secondary properties in periphery and semicentral Bucharest?"<\/strong>
\n\tThese will really suffer… There is no strong motivation for an investor to place his cash in a secondary property in periphery or semicentral areas. The risk to remain with an empty property is very high, this is why he will go for it only if the price is really low. Ofcourse many owners are not ready for such a deal, this is why we will watch these properties remaining either not rented or "available to be sold" for years.\n<\/p>\n\n\tIf you want to know more about properties around the city, don't hesitate to ask me: info<\/strong>@more-group.eu<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"The market study we prepared and presented two weeks ago was the outcome of a long procedure. Two years of work, thousands of hours invested in this project. But at least we learned a lot, not only for the market itself, but also for the mechanisms that move prices, the psychology of market people, owners […]<\/p>\n","protected":false},"author":3,"featured_media":59454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[216],"tags":[],"_links":{"self":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/5291"}],"collection":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/comments?post=5291"}],"version-history":[{"count":0,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/5291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media\/59454"}],"wp:attachment":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media?parent=5291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/categories?post=5291"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/tags?post=5291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}