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Prices of holiday homes in mountain resorts to rise 10-15 percent

Publicat la 24.01.2008, 22:00:00

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Prices of holiday homes in mountain resorts to rise 10-15 percent
Prices in the Valea Prahovei area amounts to €500-800/per square meter for older holiday homes and €1,200-1,600/sqm for new ones. The cost of apartments is some €800-1,000/per sqm.

As for land prices, these reach €15-35/per sqm on the outskirts of mountain resorts, €300-600/sqm in the town of Sinaia, and €100-250/sqm in the resort of Busteni. In neighboring Poiana Tapului, land is worth some €100-150/per sqm.
Prices are significantly higher in the central city of Brasov and its outskirts, where older holiday homes sell for €800-1,300/per sqm, and new ones for €1,200-1,600/per sqm, excluding VAT. Apartments are worth €700-1,600 per sqm, while luxury villas cost €2,800-3,000/per sqm, excluding VAT. The price of land begins at €15-20/per sqm, excluding VAT on the city's outskirts, rising to €500-1,000/per sqm, VAT not included.

“Demand in the Brasov area is coming from major investors, developing large projects, and from small investors who are building inns and boarding houses,” according to Coldwell Banker Affiliates of Romania consultants.

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