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New Build - Residential Property outside Bucharest

New Build - Residential property pricing

Within 20 kms of Bucharest, a detached house (3 rooms ground floor +1 floor, 130m2) commands an average price in the range of €70,000 - €110,000 dependent upon location

A house (5-6 rooms ground floor + 1 + attic) commands an average price in the range of 270,000- 350,000.

Apartments with 1-2 bedrooms vary between €40,000 & €60,000

Developers say prices might drop, once the imbalance between supply and demand is righted - but this is unexpected to be resolved till 2010 at the earliest.

Realitatea Romaneasca, March 18, 2005