November 22, 2017

To Build A House In Bucharest Suburbs Costs EUR80,000 Or Less

According to a study of Romanian realty website imopedia.ro, to build a 100 sqm house near Bucharest costs between EUR58,000 and EUR80,000, since the economic crisis slashed construction and plot prices. The study took into consideration an average construction price, including finishes, of EUR400/sqm, a 400 sqm plot and a 100 sqm house. “Nowadays, the difficult financing process and lowered income caused demand to decline, bringing prices down by more than 50%,” said imopedia.ro. Analysis results showed that plot prices around Bucharest dropped by an average 57% since the beginning of the crisis, while construction costs fell 30% on average.

Source of the news: Mediafax (Read More)

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