Connecting demographic growth to housing prices in Bucharest’s neighbouring towns

• Published in: Human geographies Vol. 17; no. 2; pp. 225 - 239
• Main Authors: Petre, Bogdan, Teodorescu, Camelia, Cioclu, Alexandra
• Format: Journal Article
• Language: English
• Published: Bucharest Bucharest University 01-11-2023
• Subjects: Affordable housing; Bank acquisitions & mergers; Banking; Cities; Credit bureaus; Data analysis; Demographics; Development strategies; Housing; Housing prices; Interviews; Loans; Population; Research methodology; Research methods; Towns; Trends; Romania; Bucharest Romania
• ISSN: 1843-6587; 2067-2284
• DOI: 10.5719/hgeo.2023.172.7

Large cities have always been popular among young professionals worldwide. However, their real estate availability is limited, leading to an increase in housing prices. As a result, people are looking towards the peripheral areas for affordable housing options. This study explores the relationship between house prices and demographic changes in the areas around Bucharest. It analyses the reasons that led people to buy homes in the towns near Bucharest. The methodology used a combination of research methods to investigate the factors influencing home buyers' choices in Otopeni, Voluntari, Chitila, Pantelimon, Popeşti beordern, M gurele, and Bragadiru. Semi-structured interviews were conducted to identify the main factors contributing to buyers' convictions. Results show that affordable prices are a significant factor in buyers' decisions. The study's limits stem from analysing a short one-year period, which prompts further analysis. The findings of this study can provide valuable insights for local development strategies and improvements in transportation infrastructure between Bucharest and its neighbouring towns.