Bbabo NET

Economics & Business News

Experts warned about the impending rise in prices for housing in Moldova

Moldova (bbabo.net) - Real estate prices will continue to rise, experts in the field say. They predict that housing prices may rise by 10-15%. Among the main reasons are inflation, which will be a record this year, and an increase in the cost of building materials. Currently, a square meter for renovation in a new building costs between 1,000 and 1,200 euros. Secondary housing prices are 50 euros cheaper, publika.md reports

"There are two decisive points that will affect the price per square meter. This is inflation, which is projected to be 16%. In addition, if rumors that the metal will rise in price are confirmed, a new rise in price will be in the spring," said a real estate expert Victor Romanescu.

"Plus or minus by 15-20, prices for apartments may still rise. There are several factors, both the cost of the territory, and building materials, which have risen in price all over the world. The labor force is also more expensive, plus there is a great demand for apartments, and the supply is low," he said real estate expert Virgiliu Cotruta.

At the same time, real estate in the suburbs is cheaper, experts say: “Clients say that they can be found at prices before the epidemic, 600-650 euros, in Chisinau there is no such thing anymore. that people are guided by Durleshty, Bechoy, Sanger, Stavcheny, Cricova. "

Realtors say that, as before, the demand will be for one-room and two-room apartments, but with a small area. They are bought for the purpose of investing and renting, as well as reselling: "The tendency to keep the same area, but more rooms. The most demanded apartments are one room and a living room, or two rooms and a living room."

At the same time, private houses and land plots will rise in price.

"Houses will still be in demand, but everything depends on the price. If it is excessive, they simply will not be sold, because the purchasing power of Moldovans is not so high now. Construction sites are in demand, this is also an investment," said realtor Victor Chernomorenko.

In 2021, property prices rose by over 20 percent, a record in the past 14 years. According to the State Services Agency, an average of 29 thousand apartments and houses are sold in our country every year.

Experts warned about the impending rise in prices for housing in Moldova