News
The increased appetite for luxury homes recorded last year, to continue in 2018
Managing Partner
1 min read
Managing Partner
2017 was characterized by an increased appetite for people interested in buying luxury homes compared to the period 2009-2015, and the trend will be maintained this year with the new premium projects to be delivered. The most expensive proposed apartment for sale by Crosspoint is a penthouse with two terraces and an outdoor Jacuzzi in the Premio residential project (developed by the Italian group Nusco in Bucharest) for 1.2 million Euro plus VAT.
As regards to buyers’ profile, luxury homes are commonly acquired to be inhabited. There are also investors who are particularly interested in houses, villas or penthouses in luxury areas (Primaverii, Kiseleff) for the sole purpose of renting them to expatriates, embassies, etc. Those who buy a house for living, not renting, are usually entrepreneurs, business owners, top managers, expats, aged 40-60, with revenues of over 200,000 euros annually “says Crosspoint’s Managing Partner, Mihai Dumitrescu.
Read here Mihai Dumitrescu’s opinion on the luxury residential market, Managing Partner at Crosspoint, Head of Residential, Land and Investment, in the article in wall-street.ro by Marius Alexandru Stanciu (in Romanian).
Managing Partner
Co-founder and Partner since 2005. He built Crosspoint's land advisory practice into one of Romania's most active platforms in the segment, with over €250M in land transactions across the last decade. His work spans the full transaction cycle — from land identification and feasibility through structuring and closing.
