Free parking of cars on the side streets of Bucharest or even on the boulevards affects the business of the developers but also the development of the Capital. Parking spaces have gradually become more expensive in recent years as land and building prices have risen.
“Those who sell the parking spot for EUR 20-30,000 make a profit, but the others sell the parking spaces below the construction price. We sold with EUR 11,000 at Lujerului, and the difference goes to the cost of the above-ground structure because there are cases where I can’t sell the parking spaces. In Timişoara 58 we sold all the apartments and we have 300 parking spaces in stock because we built according to the law. But people do not buy because they can park for free on the street, where it affects traffic, and the customer no longer pays EUR 7,000-9,000 for a space if he can park for free “, explains Antoanela Comşa, general manager, Gran Via Real Estate, and president of Romanian Real Estate Investors Association.
