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Romania: House Prices, Rents, and Rental Yields

Last Updated: May 25, 2009

Romania, slightly up from last year at 6.63%

Last Updated: May 25, 2009
BUCHAREST - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
40 sq. m. 66,600 422 7.60% 1,665 10.54
80 sq. m. 208,160 1,288 7.43% 2,602 16.10
120 sq. m. 418,080 1,916 5.50% 3,484 15.97
185 sq. m. 659,155 3,289 5.99% 3,563 17.78
Bucharest: Calea Victoriei, Piata Romana, Dorobanti, Baneasa, Aviatiei, Pipera, Aviatorilor, Herastrau Park, Scoala Herastrau,Bordei Park, Primaverii, Kiseleff, Domenii, Colentina, Centrul Civic, Drumul Taberei and Cotroceni
Source: Global Property Guide                    Definitions: Data FAQ                       See also: Update Schedule

This has been a year of bad news for residential property investors in Romania. 

Gross rental yields in Bucharest, Romania, stand at an average of 6.63%, up from 5.54% last year.  This rise in yields reflects the fact that, while rents have fallen significantly, prices have fallen even further.

Prices now average €2,829 per square metre for upscale apartments in central Sofia sampled by the Global Property Guide - a considerable decline on last year’s average price of €4,137 per square metre. 

This decline is a combination of

  • a substantial decline in house prices, and
  • a decline in the exchange rate from €1=3.66 Leu, to €1=4.24 Leu

 

Your Comments

posted by Adrian Matetovici | 2008-06-13

engineer, Braila

I really think that these figures are highly exagerated. A normal 75 sqm flat is around 150 000 - max 200 000 euro even in the most expensive parts of Bucharest. One can find a good flat around 120-140 000 at 3 km from the city centre in a good area with underground. Please check your figures.

posted by our Editor: Matthew Pollock | 2008-06-13

Well, please also could you read the 'Data FAQs'? This site is oriented towards people seeking to buy in other countries, and toward high-end, city-centre apartments. The prices we cite do not represent average prices.

posted by mimilivi | 2008-07-01

My uncle has a 2 bedroom apt. close to Bucharest Centre which rents for 700 Euro/month.My mother-in-law has a 50m^2 1 bedroom apt. close to the center of Bucharest which would sell for 100K Euros.Yours prices are not correct.

posted by Lucian Dode | 2008-07-04

real estate/investing adviser, Bucharest

The figures are for the luxury market indeed which is quite thin in Bucharest.

posted by our Editor: Matthew Pollock | 2008-07-04

That's right!

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