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| Residential complex Maresal Averescu superstructure |
One year from launching the financing version in lei of
„Prima Casă“ programme, the accessibility of dwellings in Romania has visibly
improved, while the prices have remained constant, Capital writes. The daily
newspaper compiled a top of the cities with most accessible prices.
In determining the accessibility degree of a dwelling
financed by loan, three variables must be analyzed: value of the dwelling, loan cost (monthly
installment) and level of revenues (to set the ratio of the installment within
the revenues – the indebtedness).
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| Residential complex Maresal Averescu superstructure |
In the first half of this year, the top of cities that provide
access to the lowest indebtedness for the acquisition of a two room apartment
has changed. At the moment, Piteşti,
Bucharest, Slatina, Târgu-Jiu and Sfântu Gheorghe top the city ranking,
while six months ago Alexandria, Sfântu Gheorghe, Slatina, Reşiţa and Bucharest
ranked on the first five positions.
The change was mainly triggered by the wage fluctuation and
in some situations by the adjustment of the average transaction prices. Piteşti
and Bucharest have been the most dynamic cities in this period, climbing from
the 6th and 5th positions to the top of the ranking.
Today, the average Bucharest earner can easily realize that the 244 euro/month
installment that he or she has to pay for an old two room apartment is under
the level of rents demanded by owners for the same type of dwelling, the
acquisition of an apartment being more advantageous.
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| Residential complex Maresal Averescu |
The dwelling price annual wage ratio is placing Bucharest on
the 10th position, while Sfantu Gheorghe, where the index is 6.3,
ranks first.
On the opposite side, Oradea, Suceava, Buzău, Focşani and Vaslui
are the cities where indebtedness is the highest in the country. In these
cities the prices have stabilized at a relatively high level and the income has
not recovered the difference. For
instance, the average price per sqm of an old apartment in Oradea is 16% lower
than in Bucharest, but the average wage is half of Bucharest average wage.
National priceshave dropped significantly from mid- 2008 until today. Old buildings have
registered a decline of approximately 40% and the prices of new apartments have
dropped 33%.
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| Residential complex Titeica |
What is interesting is the fact that during the past year
the share of new dwellings, built between 2008-2014, in the loans granted
through „Prima Casă“ programme increased
to 37%. Real estate consultants have noticed a visible bounce back of new
apartment sales after the improvement of the access to real estate loans and
price cuts applied by real estate developers in the past years.
OCTAGON involved in the
construction of residential projects
Residential projects have not had a major share in the
portfolio of OCTAGON CONTRACTING &
ENGINEERING, but the company was involved in the construction of several
residential projects over the years, within which it performed civil and
geotechnical works.
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| Residential complex Titeica |
OCTAGON built the
concrete structure of three
residential buildings, diaphragm walls
and bored piles D 600, for the residential complex Maresal Averescu 159.
Within the residential
complex Tineretului Hills, located on Pajistei St. in Bucharest, OCTAGON
executed diaphragm walls D 600 m, h
= 13, top beam 60 X 100 m, bored piles and retaining walls.
For the residential
complex Titeica, located in Bucharest, on 206- 208 Titeica Road,
OCTAGON built diaphragm walls D 600 mm,
h = 14 m, micro piles D 178 mm- 125
ml and sheet piles.
OCTAGON CONTRACTING &
ENGINEERING
For more information click HERE.
Phone: (+4)021.232.39.20
See on map