Prices of old two-room apartments dropped again in Q3

According to the survey on the dynamics of the asking price on old two-room apartments in the third quarter 2009, significant decreases were registered in Romania’s largest cities, with the exception of Cluj-Napoca municipality. Despite the first signs of recovery under the influence of the “First Home” programme, owners and real estate agencies reduce their shows that, in Bucharest, the sellers’ average asking price for a two-room apartment situated in blocks built before the Revolution with an area of 54 square meters, dropped by more than 8,000 euros, down from an average of 77,385 euros (1,443 euros / sqm), registered in early July, to 69,008 euros (1,277 euros / sqm) at the end of September. If the asking price remains relatively high, the transaction price is significantly lower.

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