The developments on the political scene of the past month have affected the appetite for buying property and especially the domestic currency, whose depreciation was greater than the willingness of the owners of old apartments in Bucharest to cut prices.
Therefore, the average asking price of a three-room apartment in Bucharest was about 343,500 lei in late June and reached RON350,500 at the end of July.
After the referendum on the impeachment of President Basescu, the leu started to gain ground and analysts expect an exchange rate balance over the next few days, too.
(English version by Loredana Fratila-Cristescu)