{"id":14998,"date":"2021-08-31T11:05:37","date_gmt":"2021-08-31T08:05:37","guid":{"rendered":"https:\/\/www.greenfieldresidence.ro\/baneasa\/?p=14998"},"modified":"2022-11-23T13:02:20","modified_gmt":"2022-11-23T11:02:20","slug":"the-evolution-of-prices-for-new-apartments-in-greenfield-between-2014-and-2021-2","status":"publish","type":"post","link":"https:\/\/www.greenfieldresidence.ro\/baneasa\/en\/blog-en\/the-evolution-of-prices-for-new-apartments-in-greenfield-between-2014-and-2021-2\/","title":{"rendered":"The evolution of prices for new apartments in Greenfield between 2014 and 2021"},"content":{"rendered":"

It is very well known
\nthat the most important aspect that a real estate investor considers when
\npurchasing an apartment or a housing package, is the property price appreciation
\nin the medium and long term.<\/span><\/p>\n

The predictability of
\nsuch a favorable price evolution is due to the analysis of a combination of
\nfactors, such as investments in the area, urban mobility facilities, growing
\ndemand for rental housing, etc.<\/span><\/p>\n

Thus, in Greenfield Residence,
\nthe increase in home sales prices followed the investments made in the
\nneighborhood, starting from the constant concern for sustainable constructions,
\nfor technical solutions and state-of-the-art finishes, investments in
\nfacilities aimed at increasing the quality of life and housing for <\/span>the
\nresidents\u2019<\/span> community. Another factor that has been contributing to the
\nappreciation of housing prices in Greenfield Residence is the high demand for
\nrent in this residential compound. The location in the northern area, in the
\nimmediate vicinity of the forest, in Sector 1 certainly favored this context. <\/span><\/p>\n

Therefore, in the
\nresidential compound Greenfield Residence, prices have risen in recent years,
\nand those who bought a home here 5 or 6 years ago, can account for a
\nsignificant increase in the value of real estate assets.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Appreciation of up to
\n61% in 6 years<\/span><\/b><\/p>\n

\u00a0<\/span><\/p>\n

If we analyze the
\nnumbers, we can easily see that the average transaction price of a 2-room
\napartment in Greenfield Residence has steadily appreciated over the last 6
\nyears. In 2014, the average price without VAT was 48,645 Euro and at the end of
\n2020, the same type of apartment was traded with an average price of 78,315
\nEuro. The biggest price difference recorded is 32,000 Euro, which, you have to
\nadmit, is really impressive!<\/span><\/p>\n

\u00a0<\/span><\/p>\n

We can easily see the
\nsame trend of considerable appreciation of the transaction price in the case of
\na 3-room apartment: the average transaction price, excluding VAT, was 64,484 Euro
\nin 2014 and increased to 92,590 Euro in 2020. This means an appreciation of 44%
\nin 6 years. Following the same model, a 4-room apartment, with 124 sqm, has
\nappreciated in the last 6 years with more than 50,000 Euro.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

It
\nshould be noted that all these calculations take into account prices without
\nVAT and without parking. <\/span><\/p>\n

\u00a0<\/span><\/b><\/p>\n

Between
\n2014 and 2021, over 4,500 people chose to live in Greenfield Baneasa <\/span><\/b><\/b><\/p>\n

\u00a0<\/span><\/p>\n

As long as the market
\nand the economy follow their normal course and the need for housing remains at
\na very high level (we still register a large number of people per unit, Romania
\nbeing the European country with the highest percentage of overcrowding, three
\ntimes higher than the European Union average), the upward trend in prices may
\ncontinue at an even faster pace than before, given the new building regulations
\n(nZEB requirement, for example) that require additional investment, higher
\ncosts, therefore increased prices.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Screening the above
\ndata, it would not be a surprise to feel some regret that you did not invest in
\na home in Greenfield Residence a few years ago. Although a generator of
\npositive energies, it is time to put regret aside and look to the future with optimism.
\nThe opportunities to invest still exist. \u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

With 30 years of
\nexperience in the residential market, we are currently working on the
\nconstruction of the fourth phase of development in Greenfield Residence and the
\nprices for the new homes are exclusive during the launch period. If you want to
\nbenefit from the unique offer, you must know that the prices are only available
\nuntil the beginning of <\/span>August 2021.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Thus,
\na <\/span>studio<\/span><\/a><\/span> of 62 square meters has a special price of 72,950 Euro <\/span><\/b>plus VAT in the pre-sale
\nlaunch offer. A <\/span>2-room<\/span><\/a><\/span> apartment with an area of 76 square meters can be purchased until August
\n1st at the special price of 88,369 <\/span><\/b>Euro plus VAT, and a <\/span>3-room<\/span><\/a><\/span> apartment with an area of 103 square meters has an exclusive price
\nof 120,552<\/b> Euro plus VAT.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Starting with 1st of August, the acquistion price for a
\n62 sqm studio will become 79,768 Euro plus VAT, a 2-room apartment with a total
\nsurface of 76 sqm will have the price of 96,785 Euro plus VAT and the price of
\na 3-room apartment with 103 sqm will be 131,925 EURO plus VAT.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Investing
\nin development to increase the value of housing<\/span><\/b><\/p>\n

\u00a0<\/span><\/p>\n

The positive evolution
\nof prices in Greenfield Residence will be further supported by our investment
\nplans in the development of the complex. We have partnered with the
\nmunicipality to build a state school and kindergarten, and Greenfield Residence
\nwill be one of the few nationwide projects to provide residents with public schools.
\n<\/span><\/p>\n

\u00a0<\/span><\/p>\n

We also started the
\nconstruction of <\/span>Greenfield Plaza<\/a><\/span>, a multifunctional
\ncenter that will include a strip mall, SPA, indoor and outdoor pools, fitness
\nrooms and additional spaces for services. The investment will be completed at
\nthe beginning of 2022 and will cover 21,496 sqm<\/span>.
\n<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The development of the
\nneighborhood is based on intelligent solutions that ensure the efficiency of
\nresource consumption over a long period of time. The inhabitants of the complex
\nhave a healthy lifestyle and there are many opportunities to practice sports in
\nnature in Greenfield Residence and its surroundings. <\/span><\/p>\n

\u00a0<\/span><\/p>\n

The complex has many
\ngreen spaces, including private parks, promenade areas and multiple playgrounds
\nfor children. In addition to these, 4,500 square meters of sports facilities
\nsuch as fitness areas, sports field and swimming pools are a normality that
\nencourages health living. <\/span><\/p>\n

With a long-term
\ndevelopment strategy, Greenfield Residence will soon be one of the largest
\ngreen projects in Eastern Europe. The high energy efficiency of buildings and
\nthe infrastructure in the complex that facilitates the responsible consumption
\nof resources are sustainable investments that will also contribute to
\nincreasing the value of housing.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

About <\/span><\/u><\/b>Impact Developer& Contractor S.A.<\/a> <\/u><\/b><\/b><\/p>\n

\u00a0<\/i><\/p>\n

With 30 years of experience on the market, Impact Developer
\n& Contractor SA is the largest real estate developer listed on the
\nBucharest Stock Exchange. The mission of Impact Developer & Contractor is
\nto develop sustainable projects, at modern standards, both in Bucharest and in
\nthe big cities of the country. Among the developer’s reference projects are
\nGreenfield B\u0103neasa and Luxuria Residence, a luxury residential project with
\nBREEAM Excellent Certification. As part of the national expansion strategy,
\nthis year, Impact started the construction of a premium residential project in
\nConstan\u021ba, Boreal Plus, a mixed project consisting of 18 villas and 676
\napartments, built on an area of \u200b\u200b43,000 square meters, which will be completed
\nin 2024. Also, Impact continues the expansion at regional level and starts
\nGreenfield Copou, in Ia\u0219i. The works start in 2021, with a completion deadline
\nin 2024, being built in three phases. The project includes a total of 1,062
\napartments, built on an area of \u200b\u200b48,685 square meters. <\/span><\/p>\n

\u00a0<\/span><\/p>\n

For
\nmore details on the Greenfield residential complex you can access the project
\nwebsite <\/span>www.greenfieldresidence.ro<\/span><\/a><\/span> \u00a0or you can contact us by email at <\/span>greenfield@greenfieldresidence.ro<\/span><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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