Bucharest’s brand is more about nightlife than urban quality, with parking being a disadvantage of the Capital and the large stock of green buildings being an advantage, stated Andrei Botis, real estate specialist at NAI Romania, during the South East Europe Property Forum.
„If we are not present at international urban planning exhibitions, we cannot build a brand, which also affects the investments attracted. Bucharest is still at the beginning in terms of urban planning. In the next 50 years, architects and everyone involved will have work to do. Including in the creation of social housing,” specified the specialists present at the event.
Louise Brooke-Smith, president of the Royal Institution of Chartered Surveyors, RICS, stated that globally in the 2014-2015 period, a city’s competitive capacity depends on local administration, and the quantity and quality of investments depend on infrastructure.
In turn, Razvan Iorgu, director at CBRE Romania, emphasized that large developments, which include parks and relaxation spaces, will give quality to life in Bucharest.
RICS organized the South East Europe Property Forum on June 7 in Bucharest.
Source: Economica
Frequently Asked Questions
What is the main element of Bucharest’s brand currently?
According to specialists, Bucharest’s brand is defined more by its nightlife than by its urban quality.
What are the capital’s strengths and weaknesses in real estate?
A major advantage is the large stock of green buildings, while the lack of parking spaces represents a significant disadvantage.
What does a city’s global competitiveness depend on?
A city’s competitive capacity depends on the efficiency of the local administration and the quality of the available infrastructure.