Bucharest: new-build property prices remain below €3,600 per sqm

According to an analysis by Cordia, a residential developer and investor with a presence across the region, the average price of new-build residential properties in Bucharest remains below €3,600 per sq. m., despite the significant increase recorded over the past year.

By contrast, the average price of new-build residential properties in Budapest has surpassed €5,200 per sq. m., while in Warsaw it is approaching €4,700 per sq. m. for properties sold in unfinished condition.

Rental Yields of Up to 6%

Investment interest in Bucharest is further supported by rental yields, which stand at approximately 5%–6%, a level broadly comparable with that recorded in Poland’s major residential markets.

However, Cordia points out that a comparison based solely on price per square metre does not capture the full cost of investment. In Warsaw, developers have traditionally offered residential units in unfinished condition, meaning buyers must factor in additional costs for completing and furnishing the properties.

Interest from Hungarian Investors

Bucharest’s investment momentum is already reflected in demand for new residential projects. Cordia reports interest from Hungarian buyers in Centropolitan, the company’s latest residential development in the Romanian capital.

The project comprises 274 apartments and incorporates a residential model that combines private living spaces with shared services and amenities. These include coworking areas, a gastro bar, dedicated spaces for children and teenagers, as well as fitness and yoga facilities.

The emerging picture is that of a regional market offering a lower entry cost and rental yields of 5%–6%, placing Bucharest firmly on the radar of investors seeking residential returns across Central and Eastern Europe.