Prices for ultra-premium residential properties in north Bucharest reach record levels

Ultra-premium properties in north Bucharest have reached record prices per square meter, according to an analysis by real estate consultancy firm Imoteca. The current average price of EUR 4,170/sqm has never been recorded before, not even in the real estate boom years before the financial crisis. 47 percent of ultra-premium homes now cost over EUR 4,000/sqm, and some even exceed EUR 7,000/sqm. Fine living (luxury) properties became increasingly popular between 2012 and 2016 ...

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