Moreover, price growth in December compared with the same month last year accelerated to 5.6%, the highest pace in two years. By comparison, at the beginning of the year, in January, the rise was twice as slow, as well as in September 2021, a sign that at the end of the year price increases caught speed.
In addition, whereas in June 2021 there were only seven areas with average prices above EUR100,000, in December the number reached nine as the Dristor district joined the “club”. In this area, the average price rose from an average of EUR99,000 in November to EUR102,000 in December.
Compared with November, only four areas out of a total of 20 analyzed recorded decreases in the last month of the year, the highest recorded by Mihai Bravu district, 9.2%. On the other hand, eight neighborhoods saw rising prices, with the most significant increases recorded by the 1 Decembrie 1918 area, of 10%, with prices gradually going from EUR75,000 in the summer of 2020 to EUR88,000 at the end of 2021, Colentina (9%) and Titan (8.5%).
The Piata Victoriei area also scored a new increase, of EUR7,000 (or 5.6%), reaching an average price for a three-bedroom apartment of EUR131,000. But according to consultants at SVN, in both Victoriei and Unirii, the number of ads was low in 2021.
(English version by Loredana Fratila-Cristescu)