For the Residential Projects launch, the developers are waiting for the autumn to come
The real estate companies refuse to launch residential projects in the summer time when the potential clients are in holiday.
The residential Projects launched this summer can be finger counted, even is many sites from Bucharest the workers are doing their bests.
The real estate developers are waiting for the autumn to come, holidays to finish and real estate fairs to begin so they can promote their projects.
“I do not know any developer to stand-by with any project, but me, if I was the developer I would avoid to launch my project in the summer time” declared Andrei Sandu, general manager and unique shareholder of Media City Real Estate Company.
The apartments from Residential Ensemble are sell from the project stage, as a result the developers are starting their promote campaign once with the beginning of construction works.
Therefore, at the dead line, a major part of the project are already sale. On the residential market of Bucharest, which is confronting with a big deficit of residences in all customers segments , can recur into attention the small surfaces apartments, which can be compared with the old apartments built up before 1989. This tide is sustained by the Media City representatives which believe that by orientation the developer can reduce the prices pressure.
“Is very important to point that even the surfaces are almost the same as they were in Communist period, the concept is completely different. In new developing the apartment belongs to a packet that defines newly life. For instance each building has one or two underground floors which holds parking lots, as a result, after parking the car you can take the elevator and ascend directly to your apartment door.”, mention Sandu.
This is a very important difference between the old and the new apartments building due to the fact that the old ones does not offer any parking lot instead the ones in front of them. The developers direction in the past few years was to built large surfaces apartments to contrast the old ones., built up before 1989. Despite the almost similar prices between them, the new apartments are more expensive due to theirs largest surfaces. “ Mostly, all the new projects have been designed as enclosed areas, where only the residences or theirs guests have access.
Also there are some areas destined only for agreement, fitness, commercial areas and services”, add Sandu on the advantages list offered by the new flats. The fact that when the pre-agreement is signed is also signed an agreement for the common spaces administration, can be considered an disadvantage of new projects regarding to the expensive charge that must be paid for the maintenance.
The most important real estate project of Media City Real Estate Company portfolio is developed by the Spanish Delorian Group. The Company will start next year the construction of a new real estate project located in Bucharest North part , which will subsume 1,000 apartments, with surfaces between 35 and 110 sq. m, and commercial spaces with an entire surface of 100,000 sq. m.
The investment value is about 140 Mil. Euro. Sandu considers that due to the competition growth on residential segment and the pressure over the banks which will offer more and more attractive credits, the residential ensemble will magnetize a more and more quota from profile market.
Source: www.ziarul financiar.ro
