Residential real estate prices in Chisinau municipality rose in the first quarter of 2023.
According to the National Bank of Moldova, at the end of the first quarter of 2023 the residential property price index (RPPI) offered by sellers was 142.9%, having increased by 4.8% compared with the fourth quarter of last year and by 5.7% compared to the first quarter of last year. It is noted that in the primary market RPPI was higher than in the secondary market. The RPPI in the primary market was 150.2%, up 3.2% compared to the fourth quarter of last year and 2% compared to the first quarter of last year. In the secondary market, the RPPI was 137.9%, up 5.6% from the fourth quarter of last year and 6.8% from the first quarter of 2022. The RPPI is calculated quarterly by the National Bank on the basis of data collected from real estate offers for sale on various widely used platforms. The data are calculated automatically on the basis of the web scraping algorithm and reflect the information on the situation in the primary and secondary markets. Data are collected twice a month, and data for aggregate values are provided by cadastral authorities at the end of each month. The National Bank specifies that the RPPI can be useful in the activities of ministries and agencies, cadastral departments of the Public Services Agency, the National Bank, credit institutions (such as banks), economic analysts, international institutions (IMF, for example), etc. // 15.05.2023 – InfoMarket
