New projects at less than 800 euros/sqm

Developers on the residential segment have started to offer prices for new projects, of less than 800 euros per square built metre, compared to prices of more than 1,000 euros/square metre that prevailed in their previous offers. The most recently announced project of this kind is located in the Pipera-Tunari area, known for projects aimed at the upper segment of the residential market. The project, consisting of a 6-villa complex, is being developed by an individual entrepreneur, and requires a 1.8 million euro investment, according to real estate company Regatta. The price of a house in this project stands at 300,000 euros. The surface area of each house is 290 square metres in addition to a 400 square metre plot of land. Considering the price of land in the area stands at around 200 euros/square metre, the final price of the residential project will be about 760 euros/square metre built. ZF