The most prized plots of land are located in the ultra-central area and the northern part of Bucharest. Big size plots have become more and more rare. Only a few investors could secure some big plots there, where centrally situated factories were dislocated. We also see that land suitable for residential development situated in the West and South part of Bucharest has become more and more popular. Prices in the central part of Bucharest increased only slightly because they have almost reached the level of other former Eastern European countries.

We still estimate an increase of 15% for this year. We estimate that smaller centrally located plots will reach during 2008 the price of EUR 4000/sqm.Plots situated next to Lacul Morii show a high dynamics.

There are a few plots which are for sale in this area. Because West Park (9 blocks of flats of P+11F) is going to be built, the region has greatly developed. The prices of land there are continuously increasing. The location is central and near to utilities.  

This piece of land of 2600sqm is in the center of the town, 5 minutes from Piata Unirii. It has an opening of 25m to a main street. There are high chances to be able to build a 5 floor building, because right next to this plot such a construction is done. There are some small houses on the piece of land. These houses are going to be demolished. 

Pirce: EUR 1800/sqm. 

910sqm of constructible land in the very central loccation. Perfect legal situation. Opening to the road is of 28m.

A certificate of Urbanisn has been issued mentioning a POT (purcentage occupation land) of 70% and CUT 4(coefficient of utilization of land).

Price: EUR 2000/sqm.  

2100sqm constructible land not far from Piata Alba Julia. The land plot has an opening on two sides to two different roads. On one side it has an opening of of 37m and on the other side 25m. Possibility to build 10 floors, as it is shown in the pictures of the neighbouring blocks.

Price: 2800/sqm.

30'000sqm very near to the Main Railway Station – Gara de Nord. The owner is a company specialized in drilling machines. They are obliged to relocate the offices and production units outside Bucharest . They applied for a PUZ (Plan Urbanistic Zonal) and they have the permission to build 5 buildings with GF + 11 Floors and 2 buildings with GF + 20 Floors. They would also consider a proposal for an association with the investor.

Plot of 7080sqm with PUD approved. According to PUD the floor area is of 33000sqm, with CUT 4.8 and POT 30%. Ground floor is commercial. The rest residential for middle class. The plot is on the border of the lake.

Next to West Park - 13'000sqm land POT 60-70%; CUT 4. Possible to build GF+14F.

Price EUR 350/sqm

We have an offer of land for residential development in the vicinity of Mariott. The surface is 11'640sqm and we consider that the price is correct because PUZ has been approved for 40'000sqm floor-area which means an over average return.

Price EUR 1600/sqm

On the border of the river Colentina the same company has a property of 10’000sqm. They want to create a SPA.

Thermal water is in the underground and a swimming pool with thermal water has been already built. They are interested to find a partner to develop this project.