Prices for residential real estate are growing in Chisinau.
According to the National Bank of Moldova, at the end of the first quarter of 2021, the price index for residential real estate offered by sellers amounted to 118.9%, an increase of 4.2% compared to the fourth quarter of last year (114.1%) and by 17.8% compared to Q1 of 2020 (price index for residential real estate - 100.9%). It is noted that the price index for residential real estate was higher in the primary market than in the secondary market. The price index for residential real estate in the primary market was 122.3%, an increase of 3.8% compared to the fourth quarter of last year and by 19.2% compared to the first quarter of 2020. In the secondary market, the price index for residential real estate was 116.5% , which increased by 2.2% compared to the IV quarter of last year and by 16.7% compared to the first quarter of 2020. The price index for residential real estate is calculated by the National Bank on a quarterly basis based on data collected on offers for the sale of real estate on various widely used platforms. The data is calculated automatically based on the web scraping algorithm and reflects information on the situation in the primary and secondary markets. Data collection is carried out twice a month, and data for aggregates are provided by the cadastral authorities at the end of each month. The National Bank clarifies that price index for residential real estate can be useful in the activities of the Ministry of Economy and Infrastructure, cadastral departments of the State Services Agency, the National Bank, credit institutions (for example, banks), economic analysts, international institutions (IMF, for example), etc. //23.06.2021 — InfoMarket.
