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In 2023, there was a slowdown in the growth of apartment prices, but now there is a slight increase - Veaceslav Ionita.

In 2023, there was a slowdown in the growth of apartment prices, but now there is a slight increase - Veaceslav Ionita.

As the IDIS Viitorul expert noted in a published economic analysis, in 1999 the cost of a square meter of housing in Chisinau was 137 euros, in 2000 - 131 euros, in 2005 - 520 euros, in 2008 - 900 euros, and in 2009 - 734 euros. The decline continued until 2017, reaching 548 euros per sq. m. Since 2018, there has been an upward trend, and in the first quarter of 2023 the price reached 877 euros. In the II and III quarters of 2023, the average sales price per sq. m. was 863 and 868 euros; in the fourth quarter it increased to 879 euros. The economist notes that in the third quarter of 2023, there was a revival in prices for new apartments, while prices for old apartments were practically stagnant with little signs of growth. According to Veaceslav Ionita, in the second and third quarters of 2024, the availability of mortgage loans will again reach the 2019 level, which will stimulate the real estate market. According to the expert, until 2010, old apartments were sold more expensive than new ones. In 2010, a square meter of housing on the secondary market cost 689 euros, and in 2012 – 667 euros. In the primary market in 2010 the cost was 670 euros for 1 sq. m and 687 euros in 2011. This was followed by stagnation in prices for new apartments until 2019, when a square meter cost 649 euros. From 2020, the price began to rise, reaching 810 euros and 1110 euros in 2022. In the fourth quarter of 2023, the price of a new apartment will be 1153 euros. As for old apartments, from 689 euros in 2010 it reached 537 euros in 2019 and 590 euros in 2020. In 2021, a square meter of living space cost 660 euros, in 2022 - 735 euros, in IV quarter 2023 - 766 euros. Speaking about the purchasing power of the population and how many years a resident of Chisinau needs to work to buy an apartment, Veaceslav Ionita noted that in 1980 it would have taken 9.3 years; in 1990 - 9.8 years; in 1995 - 39.3 years; in 2005 - 43 years; 2010 - 26 years old; 2020 - 11.1 years; 2021 - 12 years, in the fourth quarter of 2022 - 11.1 years, and in the fourth quarter of 2023 - 9.7 years. // 16.02.2024 — InfoMarket.

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