Bucharest, Romania
Property prices · 2024 · Europe
Property price trend in Bucharest (2024–2026)
Property comparison — cities in Romania (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Bucharest |
|---|---|---|---|---|
| Bucharest | RON 8,500 | RON 5,200 | RON 3,200 | — |
| Cluj-Napoca | RON 12,000 | RON 7,800 | RON 2,800 | +41.2% |
| Timisoara | RON 9,500 | RON 6,200 | RON 2,300 | +11.8% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Bucharest in 2024?
In Bucharest, the average price per sqm in the city centre is RON 8,500, and RON 5,200 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Bucharest in 2024?
A 1-bedroom apartment in Bucharest rents for approximately RON 3,200 per month in 2024. A 3-bedroom apartment costs around RON 5,500/month.
Is it better to buy or rent in Bucharest?
Buying may offer better long-term value in Bucharest. The price-to-rent ratio is 15.0x — it would take approximately 15.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in Romania in 2024?
The average mortgage rate in Romania is approximately 6.80% as of 2024. With a price-to-rent ratio of 15.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Bucharest?
The average property price per square metre in Bucharest city centre is RON 8,500 in 2024. Outside the centre, expect to pay around RON 5,200/sqm.