According to the data collected by Imopedia.ro, the greatest declines this year were seen by apartments in southern Bucharest, where studio prices narrowed by 5% and apartment prices shrank by 4%.
The cheapest apartments are in the South of Bucharest, where a studio flat is sold for EUR35,800, while a two-room flat is sold for EUR50,200 and a three-room flat goes for EUR65,900. In 2009, a two-room apartment was sold for EUR58,300 and a three-room apartment would be sold for EUR76,000.
The situation is similar in the West of Bucharest, where a studio is sold for EUR36,200, compared to EUR38,100 in 2010. In the same area, a two-room apartment is sold for EUR55,200 and a three-room flat goes for EUR67,900.
The most expensive studio flats are still in ultra-central areas, even though prices have declined by 4% on the year, reaching EUR57,300. The prices of apartments in this area have declined by 2%-3% in 2011. Thus, a two-room apartment is sold for EUR104,000, while a three-room unit is sold for EUR138,500.
In central areas, price declines reached 4% for studios and two-room apartments, and stagnated at 2% for three-room apartments. Thus, studio flats are sold for some EUR47,800, two-room apartments are sold for EUR69,600 and three-room flats are sold for EUR87,200.
In northern Bucharest, studios and three-room flats lost 2% in price, to EUR48,700 and EUR87,100 respectively, while two-room flats lost 3% in price, to EUR64,300.
A similar evolution was seen by apartments on the East side of Bucharest, where prices on all types of apartments declined by 3%. In this area, studios are sold for EUR38,100, two-room units are sold for EUR58,200 and three-room units are sold for EUR66,400.
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