Housing prices in Bucharest to increase by up to 30%
31 January 2008
The price of new apartments in the Tineretului, Titan, Militari, Colentina and Berceni areas will register a significant rise by the end of the year, of some 10-20 per cent, and in some cases even 25-30 per cent, according to consultants from EuroMetropola real estate company.
For example, while the current price in Colentina is EUR 1,400-1,800/per square meter constructed, by the end of 2008 apartments in new buildings could sell for EUR 1,800-2,500/per square meter.
Similarly, a rise of some 25 percent is also expected in the Berceni area, where prices now range from EUR 1,300-1,400/per square meter, but will reach EUR 1,500-1,800/per square meter,” said Valeria Tudor, representative of EuroMetropola.