Only 15% of the tenants who moved in the last two years in apartments located in the Soseaua Nordului-Herastrau area in Northern Bucharest are Romanians, while the rest are foreigners, according to a study conducted by Nordis real estate agency.

Soseaua Nordului-Herastrau is a premium area in Northern Bucharest, located near one of the city’s largest park, Herastrau Park. The neighborhood consists of luxury buildings built since 2003.

“In 2013 and 2014, the expats’ demand for rental apartments registered a visible increase. Most requests for this area target 3-room apartments with budgets between EUR 1,000 and EUR 1,500 per month. There are differences between the two categories of clients, Romanians and foreigners.

Read the entire article on Romania-Insider.com