After a decade of intensive renovations and new developments, the “old versus new” debate is no longer emotional—it’s practical. Do you choose a characterful historic tenement or a contemporary building with energy discipline and predictable running costs? Below is a straight, no-nonsense comparison focused on daily comfort, shared-area maintenance, and the property’s liquidity over the next 5–10 years. For a concrete benchmark of what a modern central building should look like, see the architecture and common areas of Pirotska Residence.
Historic central buildings offer a sense of story—high ceilings, thick walls, period details, often a prestigious address. Modern city-centre schemes pursue a different goal: functionality, energy efficiency, and acoustics, rational layouts and “clean” shared-area management. The truth sits in the middle: if you find an exceptional historic property, be ready for a serious modernisation budget and patience during works. If you choose new build, insist on provable envelope quality, deep daylight, and well-organised common spaces—see the standard set out on the official Pirotska homepage.
New build complies with current seismic and fire codes. That’s not “marketing”, it’s risk management: structural system, junction detailing, and material specification determine how a building behaves during tremors or incidents. In older stock, assessment is case by case; retrofits are possible but cost time and money.
In many older tenements, electrical and plumbing systems haven’t been fully replaced. Noisy risers, unpredictable leaks, tired switchboards—all latent costs. In a well-executed new building, services are entirely new, balanced and sized for modern usage.
Proper façade insulation, high-performance glazing, and correct detailing around windows and balconies are the “invisible” work that lowers bills. Even after renovations, older stock often retains thermal bridges and uneven insulation between flats.
Contemporary systems deliver a stable indoor climate without draughts or summer overheating. Increasingly, new buildings include controlled ventilation and heat recovery, improving air quality while reducing energy use. The bottom line: lower, more predictable bills.
Silence is a luxury downtown. Modern floor/wall/ceiling build-ups and properly separated circulation cores drastically cut sound transmission. Historic buildings rarely had acoustic design baked in; upgrades are possible but typically costly and sometimes compromise-ridden.
Current central projects are designed for real life: living-room depth that actually furnishes, wall length for a sofa and dining table, a work-from-home nook, a laundry niche, a box-room. Grande old rooms can look impressive, but are often hard to furnish or poorly daylit at depth.
Usable balconies and dedicated storage rooms (in-flat or in the basement) add concrete value. They free the home from seasonal items and keep interiors calm and tidy. For a feel of how these elements are solved in practice, browse the current apartment types and floorplans.
A lift with proper capacity, bright lobbies, intuitive circulation, video control and efficient lighting—the common areas are the building’s business card and a key driver of resale liquidity. In older stock, shared spaces are the “grey zone”: repairs are deferred, decisions are slow, and the outcome is a budget you can’t predict.
An underground garage with direct access to common areas is a real, lived benefit of new build. It saves time and stress, makes the address more attractive to tenants, and supports resale value. In historic tenements this extra is almost absent—street parking or renting a garage nearby becomes a permanent hidden cost.
With new build you get order and predictability: clear stages, documentation for each phase, statutory warranties and snagging. For older properties, due diligence is bespoke—encumbrances, co-ownership, shared liabilities, legality of past alterations. All solvable, but it takes lawyers, time and often an extra budget.
When comparing old vs new, don’t look at purchase price alone. Put these on one sheet:
Energy costs for 12 months (modelled realistically for your usage).
Future repairs in the flat and common areas (lift, façade, roof, risers).
Parking (renting a garage/space vs. an included underground bay).
Time cost: hours lost to parking hunts, repairs, and neighbour coordination.
In most cases a well-executed central new build carries a higher upfront price, but a lower total cost of ownership over 5–10 years—and stronger liquidity when exiting.
Location is the constant; function is the variable. A home with a clear plan, good acoustics, underground parking and demonstrable energy performance lets faster with less vacancy. At resale, downtown buyers assess common areas first, then the plan detail. In an old building without consistent upkeep, the instinctive answer is often “we’ll think about it”.
Emblematic historic building on a quiet street with excellently maintained shared spaces and a stable owners’ association.
Exceptional proportions (depth, daylight, furnishing fronts) enabling modern living without heavy structural changes.
Verified services and documentation for major repairs (roof, façade, risers).
These are rare cases, and the modernisation budget should be planned from day one.
Light and orientation: does the living zone get daylight “deep”, not just at the window?
Depth and furnishability: real wall length for sofa, dining, kitchen; place for a desk.
Acoustics: listen at walls to the stairwell and to neighbours; check floor build-ups.
Common areas: lift, lobby, access control, CCTV, lighting.
Parking: underground bay, ramp, connection to common areas; guest options.
Energy elements: window profile & glazing, façade system, balcony detailing.
Documents: occupancy permits and warranties; for older stock—encumbrances and repair records.
If you want daily comfort, predictable running costs and healthy liquidity, a modern central building is the rational choice. If you’re chasing unique atmosphere and you’re ready to invest in modernisation, old stock can still win—but only when it’s an exceptional specimen. The smartest approach is to compare specific addresses, not abstract categories.
To see how a contemporary central building handles light, underground parking and shared-area organisation, start with the detailed building presentation for Pirotska Residence.
If you’re at the selection stage, explore the available apartments and floor levels.
We regularly publish practical guides on purchase steps, build stages and energy solutions in the News section.
For a viewing and tailored advice, send us your two-line priority list (orientation, floor, parking) via the contact form.
Old, lovely—but no parking: lower purchase price, subsequent services overhaul, uncertain common areas, monthly garage rent or daily street-parking hunt, unpredictable energy bills.
New with underground garage and a disciplined envelope: higher purchase price, but lower energy costs, orderly shared spaces, secure access, and easier letting if you ever need it.
The day-to-day difference is dramatic. A home isn’t just an address; it’s your rhythm of life.
Begin with the project’s official site and the building overview.
Shortlist 2–3 suitable unit types from the apartment catalogue.
Book a focused viewing—light, acoustics, garage access—through the contacts page.
Read a couple of practical primers in the Updates blog so you know exactly what to check on site.
Prices from €1,875 excluding VAT.