Cosmin Viespescu, Sales Manager of the Tiriac Imobiliare real estate company for the Stejarii residential club said: “Prices are tailor made. However we cannot be very lenient as the complex will be delivered shortly and will be paid for in cash. We are trying to be flexible as we are talking about large sums of money and clients have varying special circumstances.”
“The supply of products remains small, while demand for such products will remain constant,” said Mihaela Pana, Head of DTZ Echinox residential department.
The price of a Stejarii residential packet starts at €340,000 (VAT not included) for a 108 square meter one-bedroom apartment, with parking space and related terraces, while a six-bedroom suite could amount to €1.8 million (VAT not included), according to Tiriac Imobiliare officials.
“We are also registering stagnation on the luxury segment, in terms of the value of transactions. Buyers are holding off to see how prices evolve, and speculative acquisitions in this market sector have been almost non-existent,” said the DTZ Echinox representative.
