In Bucharest, the growth rate in housing prices doubled compared with 2018 for old housing but remained relatively constant for new housing.
Prices for old housing in Bucharest grew 9% and 6% in the rest of the country. For new housing, prices in Bucharest grew 8%, while prices in other cities grew 10%.
The growth rate in housing prices was offset by wage increases, as the average net wage grew 14.6% in the past year, from RON2,720 in October 2018) to RON3,116 in October 2019. In the construction sector, the average wage stood at RON3,036 in October 2019 from RON2,033 in October 2018.
Housing loans grew around 10% throughout the past year, to RON79.5 billion in October from RON72.3 billion in October 2018.
The number of housing units delivered in 2019 is set to reach at least 62,000 according to statistical data, compared with 59,700 units delivered in 2018, making it the largest volume of deliveries since 2008.