Prices reached an average of EUR110,200 in August 2023, the highest after 2009. This is 0.8% or EUR900 over July and 1% or EUR1,100 over August 2022, according to the ZF real estate index compiled in partnership with real estate consultant SVN Romania. The growth comes after a drop in prices in July for the first time in nine years, both compared with the previous month and the year-ago month.
Seven districts in Bucharest saw higher asking prices in August compared with July. The highest growth was in Berceni, 8.9%, followed by 6.4% in Brancoveanu. Only two districts had lower prices, by about 1%, Drumul Taberei and Iancului.
(English version by Loredana Fratila-Cristescu)