Land Prices Near Bucharest Seen Hiking Up To 200% Over Next Five Yrs

Prices of land near Romania’s capital city of Bucharest are seen growing 50% up to 200% over the next five years, especially in the south-east and north-eastern areas, according to realty services company Neoland Invest.

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"Increases depend on what is being developed in the respective areas. However, lands in the north-east and south-east of Bucharest will see the highest growths in price, because they are currently the cheapest," general manager Costin Lazar told a news conference Thursday.

Lands outside Bucharest currently have prices of EUR5-10 per square meter, while in the city, prices are as high as EUR30-40 per square meter.

However, some areas near Bucharest have land prices of EUR80 per square meter, as is the case of Buftea, and even EUR200 per square meter in Corbeanca.

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