Drastic fall of houses’ prices in Romania


Prices of houses in Romania have reported a 3.3 per cent drop over the first quarter on a year-on-year basis, one of the major decline rates in the EU, where the prices went up by 1 per cent, according to Eurostat, the EU statistics body. Four states witnessed a more severe plunge of prices than Romania, thus the prices in Croatia went down by 9.7 percent, the prices in Slovenia went down by 6.6 percent, in Cyprus by 5.7 percent and in Italy by 4.5 percent. The highest annual increases were reported in Estonia with 17.5 percent, in Latvia by 10.4 percent, in the UK with 8 percent. In the Euro area, the prices went down by 0.3 percent.