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Bucharest Apartment Prices Down 3%-5% In 2011 - Survey

Apartment prices in Bucharest dropped by 3% to 5% on the year in 2011, compared to a decline of 16% in 2010, according to a report by realty portal imopedia.ro.

Andrei Cîrchelan · 19 decembrie 2011 · 1 min de citit

According to the data collected by Imopedia.ro, the greatest declines this year were seen by apartments in southern Bucharest, where studio prices narrowed by 5% and apartment prices shrank by 4%.

The cheapest apartments are in the South of Bucharest, where a studio flat is sold for EUR35,800, while a two-room flat is sold for EUR50,200 and a three-room flat goes for EUR65,900. In 2009, a two-room apartment was sold for EUR58,300 and a three-room apartment would be sold for EUR76,000.

The situation is similar in the West of Bucharest, where a studio is sold for EUR36,200, compared to EUR38,100 in 2010. In the same area, a two-room apartment is sold for EUR55,200 and a three-room flat goes for EUR67,900.

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