Housing prices in Bucharest are among the most affordable in the European Union (EU), according to a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices in EU capital cities.
Bucharest – Ilfov region is one of the most developed in the EU in terms of gross domestic product per capita expressed in PPS (EUR), a statistical currency that eliminates differences in prices between EU member states. Thus, Eurostat data show that Bucharest – Ilfov ranks tenth among the 27 EU capital cities and their related regions.
Among the first ten capital cities, Bucharest ranks fourth in the ranking of the most affordable housing, according to SVN calculations based on national average wages and residential prices in cities analysed. Less affordable housing compared to Bucharest are found in Warsaw (Poland), Amsterdam (The Netherlands), Prague (Czech Republic), and Paris (France).
Bucharest has one of the most affordable housing prices also in Central and Eastern Europe. Thus, only Sofia (Bulgaria) has more affordable houses.
