Bucharest’s residential prices up by 7,1 percent in Q1 2018. Check out Top 32 biggest real estate price increases in Europe

Newsroom 14/07/2018 | 09:30

  Bucharest’s residential prices went up by 7.1 percent, in Q1 2018 compared to Q1 2017, according to Knight Frank’s Global Residential Prices Index. The Top made by the company puts the Romanian capital on the 40th place, out of 150 cities, in terms of growth of real estate prices. 

The biggest price 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 in the middle, below cities like Budapest, Sofia (11.3 percent increase), or Riga ( up by 8 percent), and above cities like Warsaw (6 percent growth), Bratislava ( 3.8 percent growth), Paris (up by 3 .7 percent)  or Vienna (up by 3.5 percent).

And if the residential construction market continues to drop, down by 29.1 percent in May,  real estate prices in Bucharest might continue increasing, as long demand remains unchanged.

Residential prices evolution in Europe capitals

  1. Berlin 14.9 percent
  2. Budapest 14.4 percent,
  3. Amsterdam 11.9 percent,
  4. Reykjavik 11.8 percent,
  5. Dublin 11.7 percent,
  6. Sofia 11.3 percent,
  7. Madrid 10.3 percent,
  8. Copenhaga 10.1 percent,
  9. Zagreb 9.8 percent,
  10. Barcelona 8.2 percent,
  11. Riga 8 percent,
  12. Skopje 7.2 percent,
  13. Bucharest 7.1 percent,
  14. Warzaw 6 percent,
  15. Tallinn 4.9 percent,
  16. Bratislava 3.8 percent,
  17. Paris 3.7 percent,
  18. Vienna 3.5 percent,
  19. Bern 3.1 percent,
  20. Lisbon 2.3 percent,
  21. Helsinki 2 percent,
  22. Geneva 1.7 percent,
  23. Ljubljana 1.1 percent,
  24. Nicosia 0.8 percent,
  25. Brussels 0.6 percent,
  26. Athena o percent,
  27. Stockholm -0.1 percent
  28. London -0.6 percent,
  29. Rome -2.2 percent,
  30. Kiev -3.9 percent,
  31. Oslo -4.9 percent,
  32. Moscow -6.1 percent.

 

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