Bucharest ranks among the major European cities with the lowest housing prices and the highest affordability ratios, according to data from the Cushman & Wakefield Echinox.
Based on the public data of the average residential prices in Europe, the affordability level in Bucharest is among the highest both nationally and across the continent, with a 96.2 average monthly net salaries being required to purchase a 70 sq.m apartment.
Higher levels of affordability are recorded only in Brussels (Belgium), and Sofia (Bulgaria), with 84.2 and 94.3 average net salary, respectively, among the major European cities and capitals.
London, Munich, Paris, or Zurich have some of the highest average asking prices which can exceed €10,000 (Paris) or €16,000 (Zurich) per sq.m, generally requiring more than 200 average monthly net salaries from those locations to purchase a 70 sq.m apartment.
At at CEE level, lower affordabilities are registered in Prague (the average asking prices exceed €4,700/ sq.m and 196.7 average net salaries are needed), Bratislava (171.5 salaries), Warsaw (165.3), Belgrade (161),
The average asking price for a listed apartment in Bucharest was €1,663/ sq.m in February, according to imobiliare.ro. This level corresponds to a 6.6% increase compared with February 2023 and to a 7.5% increase vs. the same month in 2022.
