After having started the year with a slight decline, prices bounced back in March and April, reverting to the asking levels of last fall.
The cheapest apartments can be found in eastern Bucharest, in the 1 Decembrie area – EUR62,000, while the most expensive are located around Piata Victoriei – EUR115,000.
Despite the stable old apartment market over the past year when prices fell by merely 4%, real estate investors are not showing any signs that they might be planning to restart housing construction work, so that the number of construction permits for residential buildings fell by 7% in the first quarter, according to the National Statistics Institute’s data.
(English version by Loredana Fratila-Cristescu)