The three-room apartment prices in Bucharest rose by 0.7% or EUR650 in June on May 2021 and 2.1% or EUR2,100 on June 2020, the data of real estate consultant SVN Romania based on the classified in the ‘Anuntul Telefonic’ show.
The ZF index has been calculated for more than 13 years and reflects the development of the local real estate market from a time when new apartments were in limited supply and the old ones set the prices.
The average was almost EUR140,000 in October 2008, with every area in the city at more than EUR100,000 and the Unirii area at almost EUR220,000.
Prices went up in five areas of Bucharest in June, compared with only two in May. The highest increase was in Mihai Bravu, almost 10% to EUR93,000, while in Oltenitei it stood at 7.5% to EUR86,000.
On the other hand, prices went down almost 5% to EUR103,000 in Brancoveanu and 4% to EUR74,000 in Drumul Taberei.
(English version by Loredana Fratila-Cristescu)