The prices are 3.4% or EUR3,250 higher than in October 2019, which is the lowest growth rate in the past 12 months.
“The more significant declines were recorded in areas with fewer ads, except for Militari, where new properties may come up and influence the average. Upward or downward trends are lower, quarterly,” SVN Romania explains.
The highest rises in October compared with September were recorded in 1 Decembrie and Crangasi – EUR3,000, while the average price in Iancului rose by EUR2,000. On the other hand, Militari saw EUR7,000 decline, Victoriei area a EUR3,000 decline and Mihai Bravu a EUR6,000 decline. Colentina and Drumul Taberei saw the lowest drop in prices, merely EUR1,000.
The rise in prices continues, however.
(English version by Loredana Fratila-Cristescu)