The average price was EUR107,500 in March 2024, an increase of 0.6% of EUR700 compared with February 2024 and of 4.1% or EUR4,300 compared with March 2023, the real estate index compiled by ZF and real estate consultant SVN Romania shows.
Starting January 2024, the ZF real estate index includes 13 areas instead of 20, focusing on those neighborhoods with more ads, so as to make the information as accurate as possible. This is why areas like 1 Mai, 13 Septembrie and Vitan Mall were dropped and Brancoveanu is now calculated as part of Oltenitei, Mihai Bravu as part of Iancului and Stefan cel Mare as part of Mosilor, while Victoriei and Unirii are part of the central area of Bucharest. Moreover, to compile the index the communist apartments built between 1978 and 1990 are now considered, instead of 1980 and 1990.
Out of 13 areas, three saw a decline compared with February, and four an increase. Four saw a decline compared with March 2023 and eight an increase. Drumul Taberei recorded the highest rise in prices year-on-year, over 18% and Crangasi lost 7.8%.
(English version by Loredana Fratila-Cristescu)