Apartment in Bucharest
Bucharest has become over the years an attractive destination for those who want to study, to work or to invest. For the increasing number of people who needed a place to stay, an apartment in Bucharest was a cheaper and easier solution. Many of the Bucharest property owners found out that renting an apartment in Bucharest can become a small business and some even started to buy and resell their Bucharest property, obtaining consistent sums of money.
For those who come in Bucharest for few days, renting an apartment in Bucharest is a good alternative to staying in a Bucharest hotel. The prices are smaller (from 25 € or 32 $ per day), the environment is most of the times friendlier and welcoming and the amenities are usually impressive: air conditioning/ heating, TV, Internet, full kitchen, microwave, refrigerator, cooking utensils and linens, clean bathrooms and, if requested, even a cook. Because of the increasing demand for Bucharest accommodation and because of the services provided, renting an apartment in Bucharest for short period of time is preferred by more and more people.
The ones that work in the capital of Romania and can’t afford yet to buy an apartment in Bucharest choose renting a flat for a longer period of time. The price for a one room apartment in Bucharest starts from 150 € or 193 $ per month and depends on the location and the facilities. Usually, a higher rent will be paid for an apartment in Bucharest situated near the central area, the shopping centers or the metro or bus station. It is also known that for renting a two or three rooms apartment in Bucharest with deluxe facilities, the price can go upper than 1000 € or 1290 $ per month.
The dream of every Bucharest inhabitant is to have his or her own apartment. With the prices going higher and higher along with the development of Bucharest real estate, having an apartment in Bucharest is for most people with average incomes a small fortune. A one room apartment in Bucharest can be bought at 20.000 € if it is located away from the central area, but prices go up to 250.000 € for a luxurious three rooms apartment in a new block in the centre of Bucharest. Average prices are around 60.000 to 90.000 euros for a two bedroom apartment in a middle class area not far from the centre.
At a closer look, the prices for an apartment in Bucharest are the biggest in the country, not only for an apartment in the most recent buildings, but also for an apartment in a building from the communist period. This fact is explained by the constant demand for places to stay in Bucharest and the higher purchase power generated by the growth of the city’s economy, compared to the rest of Romania. Bucharest banks also have influenced the price of an apartment in Bucharest because of the easier procedure and the less restrictive conditions to borrow mortgage money.
