The rise in the said apartments price stood at EUR1,700 or 1.9% in May compared with April, while compared with the year-ago month, the price was almost 10% or EUR8,000 higher. Therefore, the prices returned to growth in April and May following two months of decline, February and March.
Real estate consultant Coldwell Banker’s data show 2018 could be the best year in terms of new home deliveries, but this will depend on how developers comply with the deadlines announced and how quickly the paperwork for the completed homes is finished. Real estate actors also say that the market is seeing a rising demand for three-room apartments, which are better for families with kids.
At the same time, the number of areas with average prices above EUR100,000 went up to five compared with three in March. The real state market has been influenced by the rise in ROBOR (the reference rate for setting leu loan interests) and by the depreciation of the leu against the euro in the past eight months, which made apartments more expensive since those buying a home take out leu loans.
(English version by Loredana Fratila-Cristescu)