Property Prices in Bucharest, Romania

Index Info
Price to Income Ratio: 11.04
Mortgage as Percentange of Income: 93.35%
Loan Affordability Index: 1.07
Price to Rent Ratio - City Centre: 20.63
Price to Rent Ratio - Outside of Centre: 19.07
Gross Rental Yield (City Centre): 4.85%
Gross Rental Yield (Outside of Centre): 5.24%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,710.80 lei 1,300.00-2,328.38
Apartment (1 bedroom) Outside of Centre 1,222.79 lei 900.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,966.77 lei 2,100.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 1,879.85 lei 1,450.00-2,500.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 703.73 lei 519.15-929.02
Price per Square Feet to Buy Apartment Outside of Centre 441.73 lei 348.38-557.41
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,792.60 lei
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.80 4.80-8.00

These data are based on 783 entries in the past 12 months from 121 different contributors.
Last update: December 2018

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1 Comments so far

#Madison Cassidy on May 18, 2015 :
I've been in Romania since March 30th, 2015.
Initially went to Petesti for four (4) weeks and now in Buchuresti.

1stly Romanian people are very polite and extremely nice. In the almost two (2) months residing here 94% of the people have been helpful and polite.

What doesn't work for me in Romania?
i.) short-term housing is too expensive! yes, it is. 600€ for a 25 sq foot apartment is THEFT! I was too tired to look around so I just went ahead and paid. It's wrong! It is the reality on the ground in Romania.
ii.) being a foreigner in Romania can be challenging because the people are ultra conservative and they are not that interested in foreigners; no they are NOT!
iii.) they dogs and gypsies can be a bit of a problem.
iv.) Gym membership for 80€ /month. Come on in a country that pays wages of 350€ maximum/month; are these people serious??? Yeah!
v.) It ain't dat cheap here in Romania; it is expensive; again housing, the gym, and some clothes items; ridiculous! Clearly the retailers and renters are catering to the wealthy tourist and less than 1% of Romanian citizens.
vi.) TAXES! Clearly the government is CRIMINAL! Why is the government of Romania charging 50% in Taxes? How STUPID is that? EXTREMELY! How can an 'Emerging Market' country charge 50% in Taxes and harass its citizens to pay up or go to prison. HORRIBLE! The maximum taxes in this country MUST not exceed 10% ... across the board! Clearly profound ignorance is at work in Romania as it pertains to the taxes.
vii.) T00 much 'red-tape' and bullshit in a country that doesn't compensate its people more than 4.---/annum. INSANITY!
vii.) The country's people are tooo CONSERVATIVE! For what?