The northern part of Bucharest is popular among investors due to the attractive yields that can be generated by residential projects.
Investors are mainly snapping two-bedroom apartments, with areas starting at 52 sqm. They account for 60% of the demand from investors, who also emphasise the proximity of the projects to public transport, shopping malls, and medical centres, according to an analysis by North Bucharest Investments (NBI).
Around a quarter of investment demand covers studio apartments, both for long-term rental and resale. The remaining 15% are looking at 3 and 4-bedroom apartments as well as penthouses that can be rented on a long-term basis.
For home buyers in northern Bucharest, the most attractive projects comprise 3 and 4-bedroom apartments in the Pipera and Tunari areas.
"Northern Bucharest is the most sought-after area for real estate purchases in the premium and luxury category due to the diversity and attractiveness of the offer. 70% of our customers are looking for bright and spacious homes with areas between 75 and 150 sqm,” says Andreea Nicolae, Director for Client Relations at NBI.
NBI has recorded 128 residential transactions in May 2024 compared to 51 in the same period of last year.
