Bucharest Real Estate Market in 2014

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Real estate markets are predictable and work according to graphics. Crises can usually be forecasted by analyzing other markets that have gone through similar evolutions and so are recoveries from crisis. 7 years after the big crisis Bucharest’ real estate market underwent in 2007, the year 2014 seems to be a bit more optimistic than the previous ones.

Properties Market in Bucharest

Studies have shown that every seven years property value increases by about 10%, no matter how difficult the period was. This is not exactly the case for the Romanian capital city’s real estate market. While prices dropped drastically in 2007, the economic crisis did not allow them to recover so soon and they certainly did not improve compared to the beginning of the crisis. However, the specialists agree that 2014 will mean a return to the same issues the real estate market met back in 2007 as bank started to grant mortgages again, either via the First Home (Prima Casa) project or for small companies.

As soon as the banks grant credits, the investors tend to absorb it. The only difference now is that people are more cautious and real estate analysts are optimistic that the inflation rate this market knew between 2005 and 2008 will not be achieved again in 2014. The same voices state that the crisis the global economy underwent during the last years, the wide spread of the internet and of other communication means made people wiser and will forbid such a phenomenon from happening again.

In the long term, prices have increased, compared to 2007, and the real estate has proven to be one of the most stable in terms of investment. But it’s true that sometimes whether you invest in a property or another, this makes a whole difference in terms of profit. If a few years ago office building and land were the most profitable real estate investments, in 2014 residential complexes are the most stable.

Bucharest-Romania-real estate

Although on an ascending trend, real estate prices are not to grow in 2014 at the speed they rose a few years ago. Economists are confident we will not have two figures price differences at the end of the year. Although there will be variations, they will not be huge and this will mean less profit for some parties, but also more stability on the real estate market in general.

The best real estate investments in Bucharest for 2014 seem to remain apartments, whether brand new or second hand, but very well maintained and completely renovated and redone to contemporary standards. As the buyers become more informed and more discerning the standards on the real estate market are raised and the whole sector becomes more professional.

The Union of Romanian Architects – a Unique Design Concept

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The building of the Union of Romanian Architects became one of Bucharest’s top tourist attractions because of its architectural value. If the bottom floors look like a historic building, towards the top, it turns into a modern style skyscraper. Located at the corner of Boteanu and Demetru Dobrescu streets, right in the heart of the Romanian capital city, this architectural marvel combines vintage and modern architecture through a mixture of brick and glass.

Nowadays the Union of Romanian Architects’ headquarter, this controversial building has a long history. Built by Grigore Paucescu at the end of the 19th century, it was home to the Austrian embassy before WWI. In December 1989, the building was almost entirely burned down and destroyed as it was suspected to shelter terrorists. After December 1989, the house was split into two: half of it became the headquarters for the Romanian Academy, while the second half belonged to the Union of Romanian Architects. Built in the French Renaissance architectural style, the landmark retains from the former imposing building two facades that succeed to appeal to passers-by on the look of architectural gems.

 Modern House in old

In 2003, the construction of the new building began and was completed up to the 7th floor, but in a modern style, in accordance with the architectural rules of the neighborhood. The building was then measuring 28 meters and had 2 meters high windows. Being considered a historic landmarks, the lower part of the building could not be demolished. Consequently, it has been consolidated, and behind the brick walls a steel and glass tower was erected. This project signed by the architects Dan Marin and Zeno Bogdanescu has created some controversy as some argued the new construction appeared as a result of neglecting a historical monument.

combintation between new and old style building in Bucharest

Located in Revolution Square, the Union of Romanian Architects’ headquarter is one of the strangest buildings in the country. Those who have examined the expressions on passersby’ faces noticed that the building appeals to young people more than to the elderly. Nevertheless, foreigners visiting the Romanian capital city do not fail to take a snapshot, calling it “Jar”, “Glass Bud” or “Cyborg Building”. Beyond what some might think, this way Bucharest gained a different architectural attraction than the usual grey buildings one can find throughout the city.

Energy Efficient House in Bucharest

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An energy efficient home built in the heart of a busy and diverse city is a true life changer. Through its numerous design qualities a solar home isn’t just a way to take care of the environment, but also a new approach to a healthier, more comfortable and modern lifestyle.

The EFdeN house is a sleek new solar home project that tries to bring technologies generally used in large modern buildings that are constructed in suburban or rural areas and implement them in homes that are located in densely populated areas within large cities. The EFdeN house is though out by a young team of Romanian students and architects as a new answer to a lifestyle question posed by Bucharest, the country’s capital city and one of the busiest capitals of the European Union.


The EFdeN house strives to create a viable alternative to classic city living which currently means either living in a tight, uncomfortable apartment or in a house in the suburbs that requires daily commutes that last for hours.

The EFdeN solar home’s careful proportions and open planned interior creates a high quality space that can be easily built even on tight urban plots. Once built, the house already achieved an eco-friendly goal of reducing pollution by allowing its occupants to use mass transportation options such as bus routes, trams or the subway.

EFdeN Bucuresti 1

The house itself offers cutting edge energy efficient technology, reducing its carbon footprint while also helping out with lower bills. All this is achieved while creating a pleasant environment that offers a higher life quality than a conventional home or an apartment.

The large yet well-proportioned windows of the EFdeN home allows the house to be heated in colder season directly by sunlight, while for hotter seasons they can provide easy ventilation. The double-glazing also helps keep in warmth while heath recovery systems can bring in clean air without affecting the inside temperature.

EFdeN Bucuresti 2

The open planned interior design helps give off a feeling of space, making the proportions of the house seem that much larger. While strikingly modern, all interior elements try to combine functionality with great craftsmanship. They are generally built from renewable materials, the preferred one being wood. This adds to the eco credential of the house, further reducing its impact on the environment.

The efficient lighting is another key aspect that sets the EFdeN house apart from other energy efficient homes. The LED lights provide a warm and pleasant atmosphere while consuming substantially less electricity when compared to conventional lighting systems.

The key design element of the house and one of its most striking features both in terms of design and livability is the double height green room. A special room designed to recreate a missing element in urban living, an immediate, and easy to access connection with nature.

Depending on the overall design of the house this beautiful element can harbor anything from vegetables to decorative plants, a lawn or trees. It is meant to create a beautiful natural space that can be reached directly from inside the home, involving the owners in the life cycle of the plants or trees and creating an experience that a park or a garden simply can’t replace.

Lvmen est omen at Romanian Peasant’s Museum

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Throughout the months of July and August, you can visit at the Romanian Peasant’s Museum in Bucharest an interesting exhibition intriguingly called “Lvmen est omen”. The opening event took place on July 3rd and the exhibition is organized in close collaboration by a number of cultural Romanian and international institutions like Transylvania’s Ethnographic Museum from Cluj, Romanian Peasant’s Museum in Bucharest, Brukenthal National Museum from Sibiu,  Museum of Dacian and Roman Civilization from Deva, Research Institute of Eco-museum  from Tulcea, Astra Museum from Sibiu and the Museum of Art and History from Geneva. Before this exhibition will close its doors on August 31st, you can visit it from Tuesday to Sunday, between 10 AM and 6 PM in Foaier Hall of Romanian Peasant’s Museum.

Muzeului Naţional al Ţăranului Român

This exhibition is an interesting idea if you are looking for an educational yet fun activity for your kids’ summer vacation. Nevertheless, the exhibition is also appealing to adults willing to know more about the field of electricity and its evolution on the Romanian territory.

Organized in four sections, the exhibition allows visitors to discover the role that light holds in our everyday life, on its different aspects (religious, professional, and even festive). It’s a cultural event inviting to a deeper reflection on the symbolic value of this physical phenomenon, and on the social impact of artificial lighting.

The whole idea behind this exhibition is to illustrate the evolution of lighting on five continents through a selection of photographs and documents, dating from ancient times until the advent of electricity. You can admire there more than three hundred exhibits, including lamps, lanterns and chandeliers, all with an educative purpose, but keeping an eye on the aesthetic side as well as on the playful one.

Address: Soseaua Kiseleff 3

Tel: +40 213179660

Piata Victoriei

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Piata Victoriei is a well circulated area in Bucharest situated in the northern part of the city, right between four important boulevards.

This beautiful place exists in Bucharest from 1831 but it has only been recognized officially in 1878. In Piata Victoriei various important boulevards and streets intersect, such as the Lascar Catargiu Boulevard, Kieseleff, Ion Mihalache and Aviatorilor, all lovely places perfect for a short stroll.  Piata Victoriei is one of the best areas in Bucharest and offers everything a tourist needs in terms of history, entertainment and access to nature. You will also find a lot of cultural events such as fairs, concerts or various artistic events in this area so if you are interested in exploring Bucharest’s more artistic side, this is one of the important places to be.

Piata Victoriei

The buildings here can be admired by those who are interested in architecture and landscaping as they can find architecture in the old Romanian style as well as interesting communist monuments that have been preserved. Besides that, tourists will also find beautiful buildings from the last century that are now used as school, embassies, or public institutions. All these have a distinct architecture, some very unique in this part of Europe.

Important tourist landmarks

Make sure that you also take a stroll on the beautiful Kiseleff Boulevard. It’s known to be one of the places where people love to go on walks due to the fact that it is less populated; here you can admire beautiful landmarks such as The Museum of the Romanian Peasant. Other important places that you can visit nearby are the Cantacuzino Palace, the Revolution Square, Military Club and the National History Museum. Just a few minutes away from Piata Victoriei you can also admire the Victory palace and the Romanian Government building.

Among these landmarks, tourists should be particularly interested in the Museum of the Romanian Peasant especially if they are interested in the traditional culture. The museum offers a beautiful collection of art for those who want to dig a little deeper in Romanian culture. It’s also a great place for people who want to participate in Bucharest’s cultural life as it offers regular jazz concerts, fairs and other cultural events. Another place that might interest those interested in geology is the Geology Museum between Kiseleff and Aviatorilor Boulevard. The museum has an impressive collection and it’s a great detour for those who want to learn more about various rocks and minerals.


Since the area is one of the best in the city, it’s no wonder that some of Bucharest’s best restaurants are located here, so if you start getting hungry while strolling through this amazing area, don’t worry, there are a lot of great places to pick from.

If you are in the mood for pizza, check out Terra e Fuoco, one of the best pizza places in Bucharest. The restaurant is located on Street Ion Neculce, nr. 63, nearby Piata Victoriei.

OSHO Restaurant is a great way to try what they consider to be the best steak and fish in the city. The restaurant is a lovely way to spend a romantic evening as a couple or simply enjoy great food with your friends.

For those who are on a diet or simply eat vegetarian, Casa Satya is a great place to get nice vegetarian food while you are in Piata Victoriei. Just a short stroll away and you will be impressed by the beautiful garden and setting you will find here.

If you are looking for an entertaining pub to rest your feet while travelling through Bucharest, the Puzzle Cafe Bistro is another great place, right next to Piata Victoriei.

Fashion History Exhibition at Romania’s National Museum of History

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A Romanian proverb says that the garment does not make the man. A cultural event, the fashion history exhibition taking place at Romania’s National Museum of History throughout the summer comes to say contradict the saying by talking about the evolution of garments along the last six centuries. The opening vernissage was held on May 15th, at 5 PM, but the exhibition will be open to the public until August 24th.

history museum bucharest

If you are in the mood for an educational experience as well as a very stylish couple of hours, you can visit the museum in Calea Victoriei no. 12, Bucharest. Organized by a series of top cultural institutions in the country, the exhibition allows you to understand how the field of clothing and garments evolved since the beginning of the 15th century until present days. You can admire here the clothes that were typical for different layers of the population during this period of time. From the uniforms kids were wearing in school, to the dresses and garments worn by the nobility, from military and police uniforms to the bohemian style of clothing, all this is on display at Romania’s National Museum of History this summer.

While some of the exhibits are of unknown origin, many come from important personalities within the Romanian history – the Romanian rulers Alexandru cel Bun and Alexandru Ioan Cuza, Transylvania’s princes – Gabriel Bathory and Gabriel Bethlen, Romania’s kings Carol I, Ferdinand I, queens Elizabeth and Maria, literary figures like Mihail Kogălniceanu, Vasile Alecsandri, Ion Heliade Rădulescu, Nicolae Iorga, etc. Whether you are interested in history or in fashion, this exhibition offers you a different way of learning interesting details about how the garments became what they are today. Open between 10 AM and 6 PM, Wednesday to Sunday, this exhibition is a nice way of spending a summer afternoon.

Address: Calea Victoriei nr.12,

Tel: +40 213158207

Piata Romana Touristic Area

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Piata Romana is one of the most interesting squares in Bucharest. Its crowded streets and sidewalks make it one of the busiest and sought after locations in Bucharest for both entrepreneurs that want to start a business as well as tourists and locals that want to go out and experience the Romanian capital city.

While the square doesn’t have any particular political importance compared to Unirii Square, it is one of the biggest social hubs in the city as well as a historic meeting place that is filled with legends and stories. The roundabout in the center of the square is the meeting point of three of the city’s biggest boulevards, Lascar Catargiu, Magheru and Nicolae Balcescu. It is also the place where one of the most popular collages in the city is located, the ASE or Economic Studies Collage.

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Initially the square was named Lascar Catargiu, named after a former Bucharest mayor. It also had a statue of the dignitary in the central roundabout. The communist regime that followed the Second World War sadly decided to destroy the statue and rename the square into Ana Ipatescu Square. The current name comes from the Romana Street, that is currently named Mihai Eminescu Street.

Romana Plaza in Bucharest

Important Tourist Landmarks

The statue of the Wolf Mother, a central piece in the current square, was received as a gift at the beginning of the 20th during the National Exposition of 1906 in Carol Park from the mayorship of Rome.  The statue was placed in numerous locations within Bucharest like Arenele Romane in 1908, St George’s Square and Dealul Mitropoliei in 1931 before ending up as one of the centerpieces of the Square.

The square’s bohemian flow comes from its sometimes uncompleted historic buildings. Like the beautiful palace that harbors the Economic Studies Collage. Its uneven design is due to the fact that it was originally supposed to have a second appendix that would have mirrored the existing one. Even so, the palace is beautifully designed in a grandiose Beaux Arts style.


While the Square itself doesn’t offer too many restaurants, bars and teahouses, there is an immense selection just a short walk away on the many boulevards that lead into it. Historic buildings, museums, cinemas and art galleries line the streets as well as some other less known about historic buildings and churches.

One of the best places to get a tasty meal while in Piata Romana is the French themed restaurant “Ici e La.” Here you can get a tasty steak, some delicious onion soup or some of the best foie gras in the city. The interior is cozy with a modern design while the exterior is a hybrid between a classic Beaux Arts building and a modern glass curtain structure that increases the functional surface of the building without affecting the beautiful historic building’s structure or exterior decoration.

Verona Cafe is another charming coffee house located in a beautiful historic palace just a short walk from the square. The Cafe is located in the same building as a Carturesti library, offering a bohemian atmosphere as well as an exciting crowd of young intellectuals that frequent the establishment.

Across the small street from Verona Cafe there is the Patria Cinema, which offers an interesting mix of classic movies and the latest blockbusters.

 Just a few meters down General Gheorghe Magheru Street tourists can find a series of fast food franchises that include McDonalds, KFC, Pizza Hut as well as a number of local dinners and fast food establishments. The Piata Romana Metro station is located in the area allowing easy access to any other region in Bucharest.

Top Five Tourist Attractions in Bucharest

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The Romanian capital city is an off the beaten track tourist destination, but its popularity has been increasing as travelers’ tastes become more varied and more and more people become interested in visiting this part of the world. Which are the top tourist attractions in Bucharest? You may have heard about some of them already, but you will certainly discover that the city has much more to offer than you had imagined before you stepped foot on its grey boulevards, ate in its fine restaurants and walked down the cobbled streets of its Old Center.

The Old Center

Also known as Lipscani among the locals, the Old Center is a relatively small area where the commercial activity of the city was once performed. During the last decades the area has gone through a renovation process, restoring some of its original beauty. Here you can admire some of the city’s historical landmarks like the building of the National Bank of Romania. The Old Center is also one of the main entertainment hubs of the city as lots of bars, clubs and restaurants are located in this area.

People’s Palace

The gigantic landmark standing on top of a hill right in the heart of the city impresses anyone. It was erected there in 6 years’ time as part of the Bucharest project started in 1978 by the worldwide notorious Romanian totalitarian ruler, Ceausescu. This project was meant to entirely change the face of the city and make it a replica of the North Korean Phenian state-city. While for many of the locals, this building is a constant reminder of the country’s communist past, it is the best known attraction of the city, its size as well as its story appealing to many foreign visitors. Tours are available daily in different foreign languages.

Romanian Peasant Museum

A must-see while in Bucharest, the Romanian Peasant Museum will tell you through its exhibits more than any history book could teach you in words. Unlike other museums of the world, each room here becomes an authentic space where you can breathe the true atmosphere of the Romanian village with its school, church and homes. This Bucharest museum got in 1996 the European Museum of the Year award. For about 10 years, this building located on Kisseleff Avenue is also home to the Romanian Peasant Club where a large part of the city’s bohemian world gathers. Inside the museum you can find a library and a cinema with a very good selection of movies.

The Romanian Atheneum

A top cultural attraction, the Romanian Athenaeum, was built in the heart of Bucharest over 120 years ago (1886-1888), instantly becoming the architectural and spiritual symbol not only for the Romanian capital, but for the entire nation. Designed by the French architect Albert Galleron, the building is inspired by the ancient Greek temples, became in 2004 a item on the List of Historical Monuments. Few know that the Palace Bucharest Romanian Athenaeum was built with money raised from the public by organizing a national lottery.

Cismigiu Park

A charming garden reminding of the times when Bucharest was called the Little Paris, Cismigiu Park is located in the center of the city and is still one of the best looking green areas of the Romanian capital. During the hot summer days you can spend a quiet afternoon here walking down its alleys, rowing a boat or playing chess. During the cold season, an open air skating rink is organized here. The city’s most romantic garden, Cismigiu has all the potential to seduce you from the first sight.

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