In the year between Q1 2017 and Q1 2018, Bucharest’s residential prices went up 7.1 percent, according to Knight Frank’s Global Residential Prices Index. In the top, that includes 150 cities, the capital of Romania is on 40th position.

The most important prices growth in Europe was recorded in Izmir (Turkey), 16.5 percent, Berlin 14.9 percent, Rotterdam, 14.8 percent, and Budapest 14.4 percent.

The ranking of prices in Europe puts Bucharest at the middle, below cities like Budapest, Sofia, 11.3 percent increase, or Riga, 8 percebt growth, and above cities like Warsaw, 6 percent, Bratislava, 3.8 percent, Paris,3 .7 percent or Vienna, 3.5 percent.

And if the sharp drop of the residential construction, of 29.1 percent in May, continues, the homes prices in Bucharest might grow up, as long the the demand remains unchanged.

Residential prices evolution in Europe capitals

  • Berlin 14.9 percent,
  • Budapest 14.4 percent,
  • Amsterdam 11.9 percent,
  • Reykjavik 11.8 percent,
  • Dublin 11.7 percent,
  • Sofia 11.3 percent,
  • Madrid 10.3 percent,
  • Copenhaga 10.1 percent,
  • Zagreb 9.8 percent,
  • Barcelona 8.2 percent,
  • Riga 8 percent,
  • Skopje 7.2 percent,
  • Bucharest 7.1 percent,
  • Warzaw 6 percent,
  • Tallinn 4.9 percent,
  • Bratislava 3.8 percent,
  • Paris 3.7 percent,
  • Vienna 3.5 percent,
  • Bern 3.1 percent,
  • Lisbon 2.3 percent,
  • Helsinki 2 percent,
  • Geneva 1.7 percent,
  • Ljubljana 1.1 percent,
  • Nicosia 0.8 percent,
  • Brussels 0.6 percent,
  • Athena o percent,
  • Stockholm -0.1 percent
  • London -0.6 percent,
  • Rome -2.2 percent,
  • Kiev -3.9 percent,
  • Oslo -4.9 percent,
  • Moscow -6.1 percent.

 

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