Crisis or no crisis, real estate is seen as an attractive investment by many high net-worth individuals, and a new project in southern Bucharest is proving the point. It’s emerged that a private individual is investing €1.6m in a development that will include 24 units in the La Livada residential complex.
The southern area of the capital has become attractive for such individual investors who have invested millions of euros in small residential projects because the area is relatively cheap. In 2011, these included the launch of projects like Gama Residence, Family Residence or Studio Plus.
Prices in this new project are between €76,000 and €107,000 (VAT included), depending on finishes and surfaces, and the project is being sold through Premier Service company.
