Families are leaving central flats for houses with gardens about 20 minutes from the centre, near schools, parks and shopping.
Compass on the Lake has only 29 villas by the lake in Balotești, about 10 minutes from Bucharest's airport.
120 m² on two floors and a 230 m² plot: living areas below, a master suite and two bedrooms above, plus a private garden.
Villas from €299,900, including 21% VAT, purchase tax, notary and lawyer fees.
A notarised warning note, Hebrew-speaking company representatives, Land Registry title at handover, and your choice of manager.
According to a study by the leading real estate board in Romania, a record purchase of Bucharest suburbs villas was noted in 2024. The price per square meter continued to rise over the last financial quarter and the market demand surpasses the supply.
A new survey that was published today (Sunday) by imobiliare,the leading real estate board website in Romania, indicatesthat the demand for villas among young families is on the rise. Following the corona crisis and prolonged lockdowns, we see a growing rush of young families leaving the city center in favor of private houses with a garden in the suburbs of the city (about a 20-minute drive from the city center).These areas offer young couples a better quality of life for their growing families, outdoors, gardens, international schools, leisure and shopping centers and more. In addition, many people continue to work from home and as a result require larger spaces than the common two-room apartment in the city center. Others enjoy a quality of life without traffic jams on their way to work in the high-tech area, which is only about a 10-minute drive away.
Why Bucharest's economy draws young professionals
Romania’s economy has significantly changed over the past decades and is currently the 11th largest economy in nominal terms, and the eighth largest in terms of purchasing power in Europe. According to the Wikipedia website, Bucharest, the capital of Romania, is one of the most important industrial and financial centers in Eastern Europe. Following the entry of technology giants (Oracle, HP, Amazon, Microsoft, etc.) into the market and the opening of development centers, there are diverse options for remote work –the freelance market in Bucharest noted a 300% plus growth over the past yearalong a massive growth in the tourism market and hundreds of Airbnb apartments – we are witnessing a change in the nature of the local population. The segment of 25-54 years old account for more than 43% of Bucharest’s population and are changing the rules of the economic game.
Compass on the Lake in Balotești
In recent years, the Balotesti area has attracted young couples and middle-class housing improvers, both due to its proximity to the high-tech employment areas in the north of Bucharest and its access to the main transportation routes into the city and to the shopping, recreation and leisure centers.
Meet the new Compass on the Lake project – a luxury residential complex on the shore Balotestilake that includes only 29 villas. The complex is in a strategic location between the two highways to Bucharest from the north, about 20 minute drive from the city center, about 7 minute drive from the international airport and only 10 minutedrive from the Baneasaleading shopping complex shopping center, which offers over 100 thousand square meters of commercial space with an international brand mix. The project was also featured in a Walla Nadlan report, "All Israeli - except the price" (in Hebrew).
Now at presale prices for a limited time only, starting at €299,900 including VAT, purchase tax, attorney and notary tax.
Strategic location for high-tech people
It is no longer a secret that the international high-tech industry constitutes a significant share of the Romanian economy. The young people working in the development centers are looking for comfort and proximity to the workplace and refuse to stand in long traffic jams every day. About a quarter of a million workers come to the high-tech park next to the project every day. Also, the area attracts many of the international hi-tech management community who are relocated to Romania on behalf of their parent companies abroad.
Young families strive for a balance between work life and home life, and find it in a luxurious villa with a private garden.
It is easy to understand why the demand is so high
Young families strive for a balance between work life and home life, and find an alternative in the form of living in a luxurious villa with a private garden, where it is easy to assign a study room as a real and practical solution for creating the perfect balance between quality of life and family life; All this near the outdoors, a close by lake, international educational institutions and more – all within a short drive from the nearby high-tech centers.
The Compass on the Lake project offers quick decisionmakers luxury villas sitting on a plot of 230 square meters, with a modern-minimalist design that combines concrete and wood and a high finishing level. The luxurious specification includes air conditioning, underfloor heating, Italian doors, quality kitchen cabinets, upgraded sanitary ware, parquet floor and more. In addition, each villa has balconies and two parking spaces listed in Land Registry.
The built-in area of the villa is 120 square meters divided into two floors – an entrance floor and a living floor.
The entrance floor includes the living room, dining area, modern kitchen and guest services.
The upper living floor includes a spacious master suite with a private balcony, two additional bedrooms and a bathroom.
In addition, the villa includes a private garden with a covered area of about 20 square meters.
The location of the project, the attractive price, the designed villas, the rich and prestigious technical specifications and of course the fact that handovers begin as early as December 2027 make the project very attractive to the Israeli investor.
Frequently asked questions
Why are young families in Bucharest moving to villas in the suburbs?
After the pandemic and the long lockdowns, young families want a private house with a garden, room for a home office and easy access to nature and international schools. The northern suburbs are about a 20-minute drive from the city centre and about 10 minutes from the high-tech area, so daily traffic jams are avoided.
Where is Compass on the Lake located?
The project sits on the lakeshore in Balotești, between the two highways that enter Bucharest from the north. It is about 20 minutes from the city centre, about 7 minutes from the international airport and 10 minutes from the Băneasa shopping complex.
What does a villa in the project include?
Each villa has 120 m² built over two floors on a 230 m² plot, with a private garden and two parking spaces listed in the Land Registry. The specification includes air conditioning, underfloor heating, Italian doors, parquet floors and upgraded sanitary ware.
How much does a villa at Compass on the Lake cost?
Prices start from €299,900, including VAT, purchase tax, attorney and notary fees. Handovers begin in December 2027; the exact date depends on the villa's position in the project.
How are buyers protected until handover?
Buyers receive a warning note signed by a notary until ownership is registered, plus service from Hebrew-speaking company representatives; buyers are advised to retain an independent lawyer. When the keys are handed over, ownership is registered in the buyers' names in the Romanian Land Registry.
Now you know more.
This article is general information, not legal, tax or financial advice. Consult local professionals before any transaction.
