
Those who are buying their first home today, most likely, were still in school when the real estate boom and then the crisis raised and sank the housing market in our country. With a crazy impulse, Romanian and foreign investors saw in Romania the El Dorado in which they had to be present. Land transactions were carried out on the plane and investments worth billions of euros were announced.
One of the hot areas was Pipera, which administratively belongs to the city of Voluntari. In the early 2000s, wealthy residents of Bucharest “settled” here and built large houses. Hence the inflated prices. However, the reality on the ground turned out to be different from what they had imagined when they left the capital: the streets were not paved, the houses had no sewers and flooded during heavy rain.
At a distance of almost 20 years, Pipera is today considered part of Bucharest, also with expensive housing occupied by expats or corporations working in the headquarters of large companies in “Romanian La Défense”, with shops, supermarkets and retail parks. . And which has all the prerequisites for expanding and becoming even bigger.
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Source: Hot News

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.