Buying a new home is a big step in everyone’s life. If you have ever considered purchasing a home, you have probably experienced a myriad of emotions: from excitement and curiosity to doubt and decision fatigue.
If you were living in Romania, this would only be enhanced by the following.
SHORTAGE OF MODERN AND SUSTAINABLE BUILDINGS
90% of Romanian homes were built during the communist era and provide poorer living conditions than modern buildings, for instance, they lose 2x – 3x more energy. 4 in 5 apartment blocks in Romania need improvements in terms of energy efficiency. (source)
Also, in 2020 our country had a total of only 8M sqm of green buildings, 80% of them being office and retail. (source)
LACK OF TRUST IN DEVELOPERS
News about real estate scams and construction liabilities of newly built condos and houses are frequent in the Romanian media. According to a local study, the primary concern Romanians have when searching for a home is that the developer has the necessary legal documentation. In our view, this should not even be on buyers’ agenda.
PROFIT-DRIVEN DEVELOPMENT
Because of its high value, real estate investment is highly exclusive to a closed group of companies and people who hold the necessary capital and network.
Most developments in Romania are rather focused on maximising profits and reducing risks for investors, at the loss of users and communities.
We know we can cater to both users and shareholders: build great spaces while securing good returns.
This is how we came up with THE SOLUTION: Build21…