Bucharest Property On the Rise
- New Europe Investor
- November 09, 2015
Bucharest property prices are currently stable, with the top end of the market in the Romanian capital leading price rises.
Reports from the city suggest there is a shortage in the supply of property, with large numbers simply being priced out of the market as a result. Supply in the market dropped in October by 19% ,according to a report from Home Finders.
Prices in the centre of the city rose 1% during the month, with other areas remaining relatively flat. Three bedroom flats in the city centre rose 11% according to the report.
All other areas of the Bucharest property market have either remained flat or seen slight increases, during the month of October.
At the very top end of the market, the city currently has 430 residential properties for sale priced over €1,000,000. 378 of these are villas, with the remaining 52 being apartments.