





Real estate agencies: Real estate prices dropped 15-20% on all segments
Agency representatives said that they had a central office building at sale for 1.7 million Euros for one year. Te owner decided recently to lower the price to 1.5 millions and got an offer for 1.3 million. "It is most likely for the transaction to take place for this price", EuroMetropola representatives said.
Rents are also free falling. An office building in a business area was opened for rent for 17,000 Euros per month, but the owner would now accept even 13,000 Euros.
In transactions, the fastest falling prices are in the coveted Northern area of Bucharest, where prices decreased up to 50%, from 900 to 450 and even 400 Euros per square meter.
The least affected areas are the central ones, where prices decreased 5-10%.