The price was also almost 9% or EUR6,950 higher than in the year-ago period, according to the ZF real estate index compiled in partnership with real estate consultant Coldwell Banker using Anuntul Telefonic (classifieds publication) ads.
1 Mai and the district around Bucuresti Mall (Vitan) are back among the areas where the average price of an old three-room apartment is more than EUR100,000, joining Unirii, Victoriei and Aviatiei.
After a drop in February and March, the prices bounced back and the April average was equal to January’s.
Coldwell Banker says 2018 could be the best year in terms of new home deliveries, which will, however, depend on how the developers comply with the completion deadlines announced and how quickly they take care of the paperwork required to register the homes completed. Real estate market actors also say that demand for three-room apartments is on the rise, because they are better suited for families with kids.
(English version by Loredana Fratila-Cristescu)