New apartments prices in Bucharest up between 10-22% in Q2 2022

The asking prices for new apartments in Bucharest continued their upward trend in the second quarter of this year, compared to the same period last year, as revealed by a joint analysis of Premier Estate Management and Imobiliare.ro.

The analysis considers the requested prices for apartments built between 2019-2022 based on 7,831 listings on Imobiliare.ro.

The average increases for the mass-market, medium, medium-high, premium and luxury segments are between 10-22%.

The affordable housing segment (mass-market), with prices between 1,250 and 1,600 euros/sqm, experienced the highest growth in Q2 of this year compared to the same period last year, i.e. 22%.

Compared to the first quarter of this year, small corrections were observed in certain areas, but on average a 5% increase in asking prices was observed.

In sector 6 (mainly Militari, Drumul Taberei, Apusului) a significant increase can be observed from one year to the next, between 13 and 35% of the requested price.

As for the average housing segment, with asking prices between 1,650 and 2,150 euros/sqm, there is a 10% increase in the second quarter of the current year compared to Q2 2021.

In the April-June period of this year, the prices requested in the medium-high segment (between 2,200 and 2,500 euro/sqm) experienced a 20% increase compared to 2021.

The premium segment, i.e., homes with prices per square meter between 2,500 and 2,700 euro, experienced a 10% price increase in the second quarter of this year.

As for the luxury segment – properties with prices exceeding 2,900 euros/sqm, there is a 20% appreciation compared to last year and a stagnation in the April-June period compared to the previous months.

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