♦ The drop in new home deliveries of 21% in the first nine months of 2024 will put increasing pressure on the market for old apartments in Bucharest and Ilfov, which is why consultants expect prices to rise as buyers eager to purchase will have an offer less and less new apartments.
The month of December brought a strong increase in prices on the market of old three-room apartments, after a year and a half of appreciation. After the advance of 8.5% in November compared to the same month of 2023, in December the market accelerated by 8.6 the prices asked by the sellers. Thus, the average price in December 2024 reached 115,000 euros, according to the ZF Real Estate Index conducted together with the real estate consulting company SVN Romania, about 600 euros above the average of the previous month. Starting from January 2024, the ZF Real Estate Index comes with 13 zones instead of 20, focusing on neighborhoods with more ads, so that the accuracy of the information is as high as possible. For this reason, areas such as 1 Mai, 13 Septembrie and Vitan Mall were eliminated, and Brâncoveanu is now calculated as part of Olteniţei, Mihai Bravu from Iancului, Ştefan cel Mare from Moşilor, and Victoriei next to Unirii, as part of the central area of The capital. In addition, apartments built between 1978 and 1990 are now taken into account, not just between 1980 and 1990.
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