Home prices started to fall in December 2008, reaching EUR720 per sqm in Bucharest in 2014 from EUR1,060 per sqm in 2006. In 2015, prices rose slightly to EUR746 per sqm.
The growth was triggered by an easier access to loans, Voinea said.
The period for the acquisition of a home through bank financing also fell from 22 years in 2008 to 7 years in 2015.