The first half of 2019 was a good one on the Sibiu real estate market. Sibiu undergoes continuous development and growth, more and more people want to become owners here, and real estate players from the country or abroad choose the city in the center of the country to make a good investment.
What were the reasons that determined the people of Sibiu to invest in real estate in the first half of the year?
1. VAT of only 5%, regardless of the number of real estate acquisitions
Starting with 2019, the Romanian Government allowed the purchase of several buildings, by the same person, with 5% VAT. This has greatly boosted the real estate market and citizens have sought more than ever to make profitable investments.
2. Start of work on Lacul lui Binder/Binder Lake
In 2019, work began on the development of an unique recreational area in the city near Binder Lake. Property prices in the area have already risen considerably, and we estimate that within the next 2 years we will talk about a second center of Sibiu. The first new residential complex here is Lake Residence, where there are only a few apartments for sale left.
3. Opening of the new shopping center in Sibiu
In November of this year, the second and largest shopping center in Sibiu will open very close to the city's central station. It is easy to understand that many people from Sibiu rushed to buy apartments for sale here. The value of apartments and houses will increase, and the area will be ideal for rent, whether we are talking about normal or hotel-style rental.
4. Șelimbăr – Sibiu – the third access road was put into use, an aspect that facilitates traffic
Șelimbăr is in the top of Sibiu residents' preferences in terms of real estate investments. But there is a category of clients who, because of the access roads, have thought twice before buying.
This year, Pictor Brana Street was connected to the Ștefan cel Mare ramp. Residents of Șelimbăr now much easily reach the city center, the motorway and the city ring road, the Industrial West area, the airport.
5. Cisnădie, an increasingly common choice among Sibiu residents
The city of Cisnădie, located just a few minutes away from Sibiu, is developing very nicely and is a wise choice for investment at this time. The residents of the city have three access roads in Sibiu (DN1, Calea Cisnădiei and Cisnădioara), so that traffic jams can be avoided. In the city there are kindergartens, schools, lyceums, shopping centers, the Măgura Polyvalent Hall, skating rink, etc.
Park Residence, the new apartment complex located right at the entrance to Cisnădie (from Cisnădioara), responded to the high demand for new apartments in Cisnădie.
See
here our complete portfolio of apartments and houses for sale in Sibiu.
Photo credits: shutterstock.ro, New Concept Living