Moreover, whereas there were six of 20 areas with average prices of more than EUR100,000 in July, at least three more are getting ready to come close or even overshoot this mark.

The average increase in July was 0.2% or EUR250. The growth in August on the year-ago month stood at 2.4% or EUR2,400, slower than the 2.8% in July. The highest growth pace was recorded in February this year, 3.3%.

The highest increases on the month in August were recorded in Aviatiei (EUR4,000), Mihai Bravu (EUR2,000) and Titan (EUR3,000).

Three areas witnessed a decline – Mosilor (EUR2,000), Colentina (EUR1,000) and Drumul Taberei (EUR1,000).

(English version by Loredana Fratila-Cristescu)