Friday, November 26, 2010

Over 200 million euros invested in housing developments in Romanian Titan so far

Titan district has seen more than 200 million euros invested in homes. Developers have managed to sell about 80% of them. Titan has been one of Bucharest's most sought after districts of by real estate developers, as well as by customers in the last few years, so around 80% of the homes completed between 2007 and 2010 in eastern Bucharest have been sold, according to a ZF analysis.


Smaller projects, such as Swiss Cottage (102 apartments), Titanium (73 apartments) and Siriului Residence (63 apartments) were fully sold, while in bigger complexes, completed more recently, around 600 apartments are still available. In the Pallady Towers complex, around 150 apartments of the 216 completed in the first two blocks of apartments have yet to be sold, in Citadella Titan 136 out of 224 are still available, while in the Armonia project, Adama has sold 60% of the 262 finalised apartments, so around 100 are still unsold.

News source: ZF English link: article

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