However, for an 80 square-metre apartment the price has dropped by an average of 4,400 euros. The increase in March comes after a 6% increase seen in February.
As compared with the end of last year, prices increased by some 16% in the first three months of the year. Should this growth rate maintain until the end of December, prices would witness an increase of 70-80% against last year.
Even in areas considered affordable such as Colentina, Berceni, Titan and Militari an 80sqm flat now costs over 85,000 euros. The biggest surges, exceeding 10%, were seen in Brancoveanu, Oltenitei, Dorobanti, Iancului, Lacul Tei and Mihai Bravu.
In Berceni an 80sqm, three-room apartment costs around 90,000 euros, around 5% more than last month. Prices in Berceni have increased as this area will see the construction of the biggest mall in Romania, the opening of a Cora hypermarket and the building of a new airport in Frumusani.
Sellers are therefore asking 5,000 - 6,000 euros more for properties. I think prices will continue to increase in this area in the future," said Daniel Chiperi, a real estate adviser within the Marussi agency.