|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
Houses and apartments are not expensive in Bucharest, at around 1,500 euros per square metre (sq. m.).
The purchase price of apartments in Bucharest is around 1,550 euros per sq. m..
How much can you earn? Bucharest´s rental yields are good:
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.
Currency risk: over the past four years the Romanian Leu has remained largely stable against the euro.
Conclusion: Bucharest is a bargain. In only a few European countries are homes less expensive than in Romania. Even more important, Romanian price to rent ratios are very low. Romania is growing rather rapidly, so there is upside potential. But, well, it very much depends whether you want exposure to Romania given that gross rental yields are good, but not extraordinary.
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
Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.
Fortnightly updates from the global property arena directly to your inbox.
Connect to professional advice in Romania