|Last Updated: May 24, 2016|
|BUCHAREST - flats||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|70 sq. m.||106,050||552||6.24%||1,515||7.88|
|120 sq. m.||190,920||966||6.07%||1,591||8.05|
Aviatiei, Aviatorilor, Baneasa, Calea Victoriei, Conlentina, Cotroceni, Domenii, Dorbanti, Drumul Taberei, Kiseleff, Primaverii, Pipera, Scoala Herastrau
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
The gross rental yield for apartments in Bucharest ranges from 6% to 6.6%, with medium-sized apartments fetching the highest rental returns.
Medium-sized but well-refurbished apartments in Bucharest, Romania’s capital city, cost less, per square metre (sq. m.) than larger apartments. A 120 sq. m. apartment costs around EUR 1,680 per sq. m. while a 200 sq. m. apartment costs around EUR 2,300 per sq. m.
This largely explains the difference in returns. Smaller apartments are less expensive to buy, per sq. m. - though it seems to us that the difference has narrowed over the past year.
Please note that our prices primarily represent very well-maintained apartments. We have used the “useful area” instead of the “built area” when we computed for the sq. m. prices because we only included old apartments in our survey. When one buys an old apartment in Bucharest, one buys the useful area. But when a developer sells an apartment, he sells the built surface. Therefore, the buyer becomes co-owner of the conjoint spaces.
Rents on apartments in Bucharest range from EUR 7.69 per sq. m. to EUR 11.28 per sq. m. per month. One can rent a 75 sq. m. apartment for about EUR 530 per month.
The apartments included in our survey are located in the prime residential areas of Aviatiei, Aviatorilor, Baneasa, Calea Victoriei, Conlentina, Cotroceni, Domenii, Dorobanti, Drumul Taberei, Kiseleff, Primaverii, Pipera and Scoala Herastrau.
Round trip transaction costs are moderate in Romania. See our Romania transaction costs analysis and our Residential property transaction costs in Romania compared to other countries.
#1 DANIELA | June 28, 2010
Indeed, these prices are very exaggerated, in Baneasa, for example, you can buy apartment 120.000
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