Bucharest, the most expensive European capital city, according to the cost of residence
Date: 19-08-2010
Bucharest, Sofia and Warsaw are, in this order, the most expensive capital cities of Europe as regards the annual average income of the population against the cost of residence, according to a study made by the Polish company of market analysis Home Broker. Thus, annual average salaries in Romania, Bulgaria and Poland are enough to buy 1-2 square metres in a house placed in a central zone. In Romania, with an annual average salary in 2008 you could buy only 1.4 square metres in a house of 120 square metres in the centre of Bucharest, which costs 3,484 euro/square metre, the study shows.
Bulgarii puteau cumpăra 1,7 metri pătraţi, la un preţ de 1.759 euro/mp.At the other end of the line, according to Home Broker, we have Brussels, Berlin and Wien where the annual average income is enough to buy over 10 square metres.
The average price for new apartments in Bucharest reached in July6 1,427 euro/square metre of surface, and for the old ones 1,179 euro/square metre.The prices in euro required by the owners of the flats in Bucharest were reduced since the beginning of the crisis on the real estate market, March 2008 with 50% and against the value in lei the drop reached 40% according to imobiliare.ro.
