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One Floreasca City Mixed-use development


250
Design Apartments
1,900 sqm GLA
Commercial Space
24,000 sqm GLA
Office Space
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One Herastrau Towers Residential development


148
Design Apartments
5,250 sqm GLA
Commercial Space
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One Verdi Park Residential development


334
Design Apartments
3,120 sqm GLA
Commercial Space
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One Peninsula Residential development


164
High-end Apartments
8
Concept Villas
330 sqm GLA
Commercial Space
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One Modrogan Residential development


46
High-end Apartments
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One Floreasca Vista Residential development


63
Design Apartments
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One Timpuri Noi Residential development


147
Design Apartments
964 sqm GLA
Commercial Space
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One Cotroceni Park Mixed-use development


900
Design Apartments
15,000 sqm GLA
Commercial Space
74,000 sqm GLA
Office Space
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One Mamaia Nord Residential development


50
Design Apartments
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Why invest in
Romanian Real Estate?

Romania’s real estate market has evolved beyond expectations in 2020 and the prospects for next years are optimistic, given the strong connections between this sector and the industries it serves.

The economy rebounded by 5.8% in Q3 and by 4.8% in Q4, after a 12.2% contraction in the second quarter of 2020. Private consumption, the main driver of last year’s growth, is expected to recover strongly as all pandemic restrictions were lifted and investment is set to remain strong over the next years, supported by the construction sector. In Q3 2021, the total number of real estate transactions in Romania soared 31% y-o-y to about 186,000 units, following a growth of 11.6% during the whole year of 2020, according to the National Agency for Cadastre and Land Registration (NACLR).

Why invest in Romanian Real Estate?
Real estate development in Romania, 2015-2020

The economy rebounded by 5.8% in Q3 and by 4.8% in Q4, after a 12.2% contraction in the second quarter of 2020. Private consumption, the main driver of last year’s growth, is expected to recover strongly as all pandemic restrictions were lifted and investment is set to remain strong over the next years, supported by the construction sector. In Q3 2021, the total number of real estate transactions in Romania soared 31% y-o-y to about 186,000 units, following a growth of 11.6% during the whole year of 2020, according to the National Agency for Cadastre and Land Registration (NACLR).

Residential construction is also increasing. The fact that the local residential market managed to register 12 months of sustained increase in housing prices, despite the COVID-19 epidemic, proves that it capitalizes on the population's solid demand, according to the real estate intelligence platform Analize Imobiliare. In the first ten months of 2021, the total number of residential building permits in Romania rose strongly by 25.3% from a year earlier to 43,374, according to the National Institute of Statistics (INS) – after falling by 2.9% in 2020 and 0.4% in 2019. Likewise, the area of residential building permits issued increased 14.1% y-o-y to 10.09 million sq. m in Jan-Oct 2021.

Romania's house prices are rising rapidly again, amidst the country's strong economic rebound. In November 2021, the average selling price of apartments in Romania soared 14.8% y-o-y (7.56% inflation-adjusted) to €1,551 (US$ 1,764) per square metre (sq. m), a sharp acceleration from annual growth of 2.35% in November 2020

Buying costs are moderate in Romania

Roundtrip transaction costs, i.e. the total cost of buying and selling a property, are around 7.44% to 16.20% of property value. The greatest cost is the real estate agent’s commission of 6%, half paid by the seller and the other half by the buyer. Stamp duty can reach up to 3%.

Romanian law is pro-landlord

Rent: Rents can be freely negotiated. Progressive annual increases can be stipulated in the lease contract.

Tenant Security: The agreement automatically terminates at the end of the contract and no further notice is necessary. The landlord can terminate the lease before the agreed term only if the tenant did not pay rent for three consecutive months and if the tenant did not comply with the contractual provisions.

Residential developers animated the transactional activity as well, both in Bucharest and in the regional cities. During the first part of the year, companies such as One United Properties and many other local or foreign developers secured sites located exclusively in the capital city, which represented 31% of the total area transacted for residential use, while in the second part of the year, investors concluded deals for more than double the area, including sites located outside Bucharest.

Data acquired from various sources and researches available online investmentreports.co; globalpropertyguide.com; anevar.ro; cbre.ro; tradingeconomics.com

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Future Development

About
One United Properties

One United Properties is one of the largest and most successful green developers of residential, mixed-use, and office real estate in Bucharest, Romania. The founders invested in real estate since 2000, developed their first residential...

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2 Bedroom Apartment For Sale In One Mircea Eliade

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News:
One United Properties Estimates a net profit of 549 million lei in 2022

One United Properties (BVB: ONE ), the leading green developer of residential, mixed-use, and office real estate, estimates revenues of 1.52 billion lei and a net profit of 548.7 million lei in 2022.

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