New builds in Craiova
City on the map
Craiova is a city in Romania (Oltenia region), located in the southern part of the country, on the banks of the Jiu River - the left tributary of the Danube.
Why is it profitable to buy an apartment in a new build of Craiova?
Craiova is the economic and cultural center of the region. The leader of the country's automotive industry, the Automobile Craiova plant, which produces cars, buses and vans, is located in this city. The Electroputere plant produces electric locomotives, power transformers, rotors, high-voltage equipment and other equipment, and the MAT Craiova plant produces agricultural and industrial tractors, other agricultural machinery, and metalworking machines. There is also a chemical plant, leather and footwear, textile, food, wine, brewing and tobacco industries.
Transport infrastructure is at a modern level: railway station, bus station, international airport is seven kilometers from the city center.
The city's higher education system is represented by a university with sixteen faculties, making it one of the largest in the country. It also includes two colleges and several research centers that publish scientific journals.
In terms of the number of historical monuments, the city is second only to the capital. It is decorated with numerous fountains, among which the light and music fountain should be especially noted. The architectural diversity surprises both tourists and professionals: there are buildings in the neo-Romanesque style and even buildings in the spirit of the Renaissance. This is a green city, walks among fountains and parks are an integral part of the residents' daily leisure.
The climate is warm and temperate. Precipitation usually falls in the first half of summer, so autumn is a great time to walk and admire the scenery.
Craiova has a very significant advantage - the high speed of the Internet (good news for those who work remotely!). The city surprises with an abundance of incendiary nightclubs and crowded bars, while the crime rate is generally low.
Currently, the rise in real estate prices in Romania is not so rapid, although, together with the development of the economy and the rise in living standards, the country should be classified as very attractive in terms of buying an apartment in a new build, both for personal use and for investment purposes. Until recently, the real estate market was developing at the expense of Bucharest. However, the situation has changed, and other major cities are gaining more and more popularity. Craiova occupies quite a worthy place in this list.
Residential complexes in Craiova offer a significant number of housing units, but the demand is not fully met. Developers have the necessary experience and good reviews about the quality of the residential complex. New builds for sale are being built in compliance with modern technologies. The sale of apartments from developers can be carried out in black frame condition or on a turnkey basis. It is still quite inexpensive to buy real estate in Craiova in the new builds for sale, although it must be done now, since in the medium term, as experts believe, prices will rise. There is all the necessary infrastructure in the immediate vicinity of the residential buildings. Investments in the new homes for sale in Craiova from the developers bring a stable passive income from rental housing and resale.
In accordance with the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter of space in black frame condition is 630 USD.
Purchase of an apartment in Craiova from a developer by foreigners
The legislation does not prohibit foreign buyers from purchasing housing in the new homes. They can buy an apartment from a developer in Craiova on the same rights as Romanian citizens.
What to see, where to go
- the ruins of the Kastra Nova fortress
- the church of the Kosun monastery
- Cathedral of Saint Demetrius
- the main church of the monastery of Gitianu
- All Saints Church
- Church of St. Elijah
- Church of St. George
- Nicolae Romanescu park
- Botanical Garden
- Art Museum
- prefecture area
- National Theater
- Zoo
Purchasing an apartment in a new development in Craiova is a pragmatic investment solution with the aim of:
- receiving a stable rental income in the city where tourists, students, specialists come to work and study,
- living in the European city with a comfortable climate.
Prices per sq. m. in popular districts of Craiova
| District | Price from |
|---|---|
| Craiovita Noua | 630$ / m2 |
| Rovine | 1,170$ / m2 |
| Sarari | 1,120$ / m2 |