Moldova: House Prices, Rents, and Rental Yields
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Last Updated: Sep 16, 2009
Significant yields contraction in Moldova
| Last Updated: Sep. 16, 2009 | |||||
| CHISINAU - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 87,540 | 639 | 8.76% | 1,459 | 10.65 |
| 120 sq. m. | n.a. | 1,088 | n.a. | n.a. | 9.07 |
| Districts researched: Chisinau: Center, Telecenter, Botanica, and Riscani Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Apartments in Chisinau, Moldova are now more expensive than when we did our survey last year, in terms of Euro. But rents have not risen in Euro terms. Result: yields appear to have declined significantly this year.
In 2006 our research was finding gross rental yields of between 12.4% and 18.6% for apartments in the centre of Chisinau. The country had not yet witnessed the dramatic upward adjustment in values common in transition economies. Now, after a boomlet, yields are at a much more normal 8.7%. This is still a good yield, but given the high risk associated with a property purchase in Moldova, not an outstanding bargain any more.
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