Old Centre likely to become no. 1 in Bucharest in terms of rents

Bucharest's Historic Centre, delimited by streets such as Lipscani, Strada Franceză, Smârdan, Şelari or Stavropoleos, is the only area in Bucharest where rents are going up, with owners getting as much as 100 euros per square metre.
The main reason investors are willing to pay between 3,500 euros and 10,000 euros for a 100-sqm space is the high traffic already secured by the over 100 bars and restaurants opened over the past two years in the pedestrian streets of the centre.
"The Old Centre area will beat Magheru or Calea Victoriei this year and will become the number one in terms of rents if the current upward trend continues," Dragoş Petrescu, owner of Caru' cu Bere, City Grill or Hanu' Berarilor restaurants, with 12.

4m-euro turnover in 2009, told ZF.
The lowest rent level per square metre stands at 30 euros, according to specialised websites, but on the streets that were renovated by the city hall and owners, where tens of restaurants and coffee shops have opened, rents reach 50-100 euros per square metre


September 10, 2010, 3:43 pm

Latest!

Latest properties!

  • 2 bedroom apartment / apartament 3 camere for rent

    Brasov » Strada Castelului for rent

    Off Road Parking / Parcare in stradăFitted Kitchen / Bucătărie echipatăClose to Amenities / In preajma facilitatilorNear School / In apropierea scoliiDouble Glazing / Geamuri termopaneGas Central Heating / Centrală termică pe gazBasement / BeciInternet, Cable TVOld Town Property

    Price: € 300

  • 1 bedroom apartment / apartament 2 camere for rent

    Brasov » Strada De Mijloc for rent

    New ConstructionInternet, Cable TVGas Central Heating / Centrală termică pe gazDouble Glazing / Geamuri termopaneNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipatăFurnished / MobilatOff Road Parking / Parcare in stradă

    Price: € 285

  • 1 bedroom apartment / apartament 2 camere for rent

    Brasov » Molidului for rent

    New ConstructionInternet, Cable TVGas Central Heating / Centrală termică pe gazNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipatăFurnished / MobilatGarage / Garaj

    Price: € 320

  • 1 bedroom apartment / apartament 2 camere for rent

    Brasov » Bulevardul Saturn for rent

    Gas Central Heating / Centrală termică pe gazDouble Glazing / Geamuri termopaneNear School / In apropierea scoliiClose to Amenities / In preajma facilitatilorFitted Kitchen / Bucătărie echipatăFurnished / MobilatOff Road Parking / Parcare in stradă

    Price: € 250

  • Land / Teren for sale

    Ghimbav » for sale

    Price: € 1,000,000

  • Land / Teren for sale

    Cristian » for sale

    Price: € 270,000

  • Land / Teren for sale

    Bran Region / Regiunea Bran » Moieciul de Jos for sale

    Close to Amenities / In preajma facilitatilor

    Price: € 145,000