Romania

Economic Freedom Rating, 5-Yr Change - Romania Compared to Continent

Footnote

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Luxembourg	-5.93%
Poland	-3.77%
Italy	-2.85%
Cyprus	-2.75%
Moldova	-2.65%
Russia	-1.79%
Portugal	-0.99%
Ukraine	-0.04%
Estonia	0.05%
Sweden	0.53%
Switzerland	0.91%
Spain	1.27%
Finland	1.54%
Czech Rep.	1.56%
Lithuania	1.65%
Macedonia	1.72%
Ireland	1.76%
Germany	2.03%
Greece	2.11%
Croatia	2.49%
Norway	2.60%
UK	2.67%
Netherlands	2.94%
Austria	3.52%
Latvia	3.56%
Iceland	4.10%
Slovenia	4.93%
Belgium	4.94%
Hungary	6.67%
Malta	8.03%
Denmark	8.24%
Bulgaria	10.38%
France	10.46%
Albania	11.51%
Belarus	12.42%
Slovak Rep.	16.54%
Turkey	17.08%
Romania	21.55%
Bosnia & H.	32.31%

Romania: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal

Romania does not publish official house price statistics. Colliers International’s annual Real Estate Review has prices of exclusive, middle and lower classes of apartments. General economics statistics are from the National Institute of Statistics and the National Bank of Romania.