The average price in 2020 was EUR97,587, 4% above the 2019 price. The growth rate slowed down gradually last year, as the economy was affected by the pandemic. In comparison, the best months were January and February, with 5.4% an 5.8% growth.
“The average prices remained constant throughout 2020, rising only 3%. It’s a trend that shows the stability and maturity of the local residential market, that withstood the shock of the COVID-19 pandemic very well,” said Andrei Sarbu, SVN Romania CEO.
“With two months of almost complete lockdown and with the following ones affected by general uncertainty, 2020 ended with a record of new home deliveries in Bucharest and surrounding areas (up 52.91% in the first three quarters of 2020 over the year-earlier period, as much as in the entire 2019), and a higher total number of deals compared with 2019 – 11.6% in the country and 5.35% in Bucharest and surrounding areas.”
(English version by Loredana Fratila-Cristescu)