House prices in Romania rose 6.1 pct last year, the fastest pace since 2008

Sorin Melenciuc 10/07/2018 | 11:27

Romania has registered an average house prices’ growth rate of 6.1 percent last year compared with 2016, the fastest pace since 2008, according to Eurostat data.

The house market in Romania has recovered since 2015, after a punishing six-year period (2009-2014) of price slump following the financial crisis.

In 2017, house prices in Romania have increased for the third year in a row, but the pace has accelerated from 6 percent in 2016 and 2.9 percent in 2015.

In the EU, house prices, including purchases of both new-build and existing houses and flats, have fluctuated significantly since 2006, but have slowly recovered during the last few years. Last year, house prices rose 4.4 percent in the EU.

Eurostat data show that the highest house prices growth rates among the 28 EU member states were recorded in 2017 in the Czech Republic (11.7 percent), followed by Ireland (10.9 percent), Portugal (9.2 percent), Lithuania (8.9 percent), and Latvia (8.8 percent).

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Sorin Melenciuc | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue