Building A House In Bucharest Suburbs Costs Less Than EUR80,000 - Mediafax.ro

Building A House In Bucharest Suburbs Costs Less Than EUR80,000

Building a 100 sqm house near Bucharest costs between EUR58,000 and EUR80,000, since the economic crisis slashed construction and plot prices, according to a study of Romanian realty website imopedia.ro.

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Imaginea articolului Building A House In Bucharest Suburbs Costs Less Than EUR80,000

Building A House In Bucharest Suburbs Costs Less Than EUR80,000

The results considered an average construction price, includingfinishes, of EUR400/sqm, a 400 sqm plot and a 100 sqm house.

"While building your own house in the suburbs of Bucharest was atrend under the real estate market boom, nowadays the difficultfinancing process and lowered income caused demand to decline,bringing prices down by more than 50%," imopedia.ro saidMonday.

The analysis showed that plot prices around Bucharest dropped byan average 57% since the beginning of the crisis, whileconstruction costs fell 30% on average.

 

Launched in 1999 as imobiliare.run.ro, the portal was rebrandedin 2008 as imopedia.ro.

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Tags:
HOUSE ,
CONSTRUCTION ,
SUBURBS