“After a summer marked by uncertainty around the First Home program, in September 2013 prices for apartments in Bucharest have dropped by as much as 4% compared to September 2012, as supply was 15% higher than last year,” according to a monitoring report the real estate ad portal released Tuesday.
According to the portal’s calculations based on property advertised for sale in the media and on the internet, average asking prices for studio flats and two-room apartments saw the biggest adjustments as prices went down by as much as 4%. If in September 2012 homeowners asked for an average EUR34,536 for a studio flat in Bucharest, in September 2013 the price went down to EUR33,020.
The average asking price for a two-room apartment in Bucharest reached EUR53,020 in September this year from EUR55,154 in September last year.
Average asking prices for three-room apartments went down about 2%, from an average EUR74,800 in September 2012 to an average EUR73,000 in September 2013.
Prices of four-room apartments only dropped about 1% in the past year, to an average EUR95,300.
Homeowners posted nearly 2,700 new sale ads in September 2013, up 15.3% from the same period last year.