Trend: house prices up 8.87% y-o-y in Q2

During the latest quarter Romanian house prices increased 1.95% q-o-q (Q2 2017).

Romania's strong performance over the past two years is a rebound from previous dramatic falls. House prices plunged by 24.22% in 2009, 22.08% in 2010, 6.99% in 2011, 5.96% in 2012, 10.43% in 2013, and 1.59% in 2014. It was only in 2015 that the housing market began to recover. House prices surged by 7.74% in 2015 and by another 11.01% in 2016.

Analysis: The Romanian economy expanded a robust 4.8% in 2016

This is an increase from 3.9% growth in 2015, and almost zero growth between 2009 and 2014.

Rents, rental yields: good yields at 6.07%

Bucharest apartment costs are low, at around €1,591 per sq. m.

 

Recent news: Romania's economy is expected to grow by a healthy 4.3% this year and by 3.7% in 2018, according to the European Commission.