Romania: House Prices, Rents, and Rental Yields
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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 |
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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
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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!