The real estate value guide for 2013 classifies Bucharest apartments considering their location, comfort degree and the year of construction.
According to the new grid, which took effect on January 1, a two-room apartment in downtown Bucharest (University Square) is valued at EUR62,870, up 34% from EUR46,870 last year.
A similar apartment in Constitutiei Square is valued at EUR63,760, up 36% from EUR46,870 in 2012. Homes on the Dacia Boulevard are valued at EUR60,940 from EUR48,870.
Prices of old apartments in Bucharest fell in the first quarter of 2013, compared to the end of 2012, whereas in other six large cities prices went up even by 4.1%, real estate website imobiliare.ro said at the beginning of April.
According to imobiliare.ro, prices of studio flats and two-room apartments in Bucharest fell 2.4% and 1.1%, respectively in the first three months of the year, while prices of four-room apartments went down by 1.6%.
New apartment prices also declined in the first quarter of the year, by 4.5% for studio flats and by 0.7% and 0.8%, respectively, for two and three-room apartments.