An emerging residential area, still with generous plots of land available for sale is one of the most interesting bets in the next period in the Northern part of Bucharest – a Crosspoint Real Estate analysis reveals.
With no large, well-known/ traditional developers active in the area and with good potential for general development and notoriety due to the city hall infrastructure development plan and Ikea`s interest already expressed for the area, Sisesti has good premises to accommodate medium to high-end residential projects in the near future.Facts & figures – Sisesti:
average listing price: ~1.200 EUR / net sqm
average off-plan listing price: ~ 800 – 900 EUR / net sqm
mostly 2&3 rooms units – total price under 100.000 EUR (5% VAT scheme)
small surfaces units:
- 2 rooms: 58-62 sqm
- 3 rooms: 67 – 88 sqm
off-plan sales: low percentage (~5%)
area strengths:
- the upcoming urban development planning / transportation infrastructure
- increased desirability on the target buyers due to multinationals cluster in Baneasa area
- existing precedents (possibility to use previous development patterns such as Baneasa/ Pipera areas)
