The average price therefore went down by about 2.2% in the last eight months, which shows that prices have yet to bottom out, four years after the decline of the market started.
The ZF index looks at the trend of the prices of apartments built in 1977-1990 in 20 districts regarded as representative. The lowest prices in August were those in 1 Decembrie, Titan, Colentina and Drumul Taberei (east, northeast and west of Bucharest), where owners ask EUR60,000 to EUR63,000 for a three-room apartment on the average. The prices are negotiable, especially if the prospective buyer does not need to take a loan to buy the home.
(English version by Loredana Fratila-Cristescu)