HILS Development properties surpass Theodor Pallady’s growth over the last 4 years

Over the past four years, HILS Development properties in Theodor Pallady have seen substantial value appreciation, exceeding the area average and similar projects in Bucharest. According to the "New Capital" analysis by HILS Development and based on Imobiliare.ro data, the value of a two-room apartment in the HILS Pallady complex increased by 42%, compared to the area average of 28%, surpassing projects in areas like Aviației, Berceni, or Titan.

"Over the past four years, Theodor Pallady has become increasingly attractive to both homebuyers and property investors. Infrastructure development, metro proximity, and a key commercial hub have significantly boosted demand for new apartments and raised both sales and rental prices. HILS Development has actively contributed to the area’s transformation, and with six completed or ongoing residential projects, we are proud to have played a key role in its growth," said Bogdan Bălașa, General Manager of HILS Development.

"While Bucharest residents have shown general interest in new homes over recent years, today’s selection criteria are becoming more sophisticated. Living quality, developer reputation, and access to infrastructure weigh increasingly in the purchase decision. Theodor Pallady exemplifies this trend, as its residential developments and infrastructure investments continue to attract more buyers," added Daniel Crainic, Marketing Director at Imobiliare.ro.

The demand for family-oriented homes in Bucharest has almost doubled in the last four years, with Theodor Pallady emerging as one of the most attractive new neighborhoods. Demand for apartments priced between EUR 100,000 and EUR 150,000 grew by 94%, while demand in the EUR 80,000–EUR 100,000 range rose by 63%, placing Theodor Pallady alongside neighborhoods like Drumul Taberei and Berceni.

Theodor Pallady ranks among the top three neighborhoods for real estate investment returns in Bucharest, with a gross yield of 7.2% for two-room apartments, outpaced only by Berceni (7.3%) and Militari (9.4%). Rental prices have also seen a significant increase:

Studios: EUR 380/month (+41% since 2020).
Two-room apartments: EUR 497/month (+35%).
Three-room apartments: EUR 555/month (+34%).

By comparison, the lowest investment returns for new two-room apartments were recorded in Regie (5%), Politehnica, and Muncii (5.1%).

A new apartment in Theodor Pallady sold in an average of 42 days this year, 17 days faster than the average for other Bucharest areas and seven days faster than four years ago. Theodor Pallady now ranks among the fastest-selling neighborhoods, alongside Regie (42 days) and Nicolae Grigorescu (33 days).

Rental Market Trends in Bucharest:
Rental prices in Bucharest have increased significantly over the past four years:

Studios: EUR 380/month (+41%). Comparable increases were seen in Aviației and Pipera.
Two-room apartments: EUR 497/month (+35%). Similar growth was noted in Militari and Crângași.
Three-room apartments: EUR 555/month (+34%), with higher increases in Drumul Taberei, Pipera, and Militari.

How Apartment Prices Have Evolved in Bucharest Over the Last Four Years:

Prices for new two-room apartments in Bucharest increased by 21% to 116% since 2020. The smallest increases, up to 25%, were in areas like Basarabia Boulevard (EUR 111,201), Obor (EUR 120,995), and Berceni (EUR 74,000). The highest increases were in Drumul Taberei (+116%), Gorjului (+65%), and Regie (+62%), where prices now average EUR 112,000 and EUR 145,000, respectively.

In Theodor Pallady, the average price of a two-room apartment reached EUR 83,096 in 2024, marking a 28% increase over four years. The most expensive neighborhoods for such apartments remain Muncii (EUR 157,808), Aviației (EUR 150,000), Regie (EUR 145,000), and Politehnica (EUR 141,200).