Prices for new homes in Bucharest increased by over 50% over 5 years, agency says
The average sale price for new homes in Bucharest has increased over the past 5 years by over 50%, from EUR 1,480 to EUR 2,273 per usable square meter. At the same time, the average rent rose by 45%, from EUR 8.6 to EUR 12.3 per usable…
Radu Dumitrescu · Journalist
· Updated · 2 min read
The average sale price for new homes in Bucharest has increased over the past 5 years by over 50%, from EUR 1,480 to EUR 2,273 per usable square meter. At the same time, the average rent rose by 45%, from EUR 8.6 to EUR 12.3 per usable square meter, according to a report from real estate agency iO Partners Romania.
The increases are not equally distributed, and there are significant variations between neighborhoods. For example, in Pipera - Voluntari, prices doubled during the mentioned interval, while areas such as Cotroceni and Popesti-Leordeni increased by over 80%. At the opposite pole, neighborhoods such as Unirii or Romana saw limited growth of around 30%.
