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At the end of the first quarter of 2024, there was an accelerated increase in supply prices for residential real estate in the municipality of Chisinau, compared to the previous quarter - NBM.

At the end of the first quarter of 2024, there was an accelerated increase in supply prices for residential real estate in the municipality of Chisinau, compared to the previous quarter - NBM.

The National Bank of Moldova reported this, noting that the RPPI indicator (residential real estate price index) for the reporting period amounted to 156.3%, which is 9.8 p.p. more than the value at the end of the fourth quarter of 2023 and by 9.4 p.p. higher than the figure at the end of the first quarter of last year. According to the NBM, the residential real estate price index, corresponding to prices on the primary residential real estate market, amounted to 166.2%, an increase of 8.5% compared to the fourth quarter of 2023 and by 10.7 percentage points compared to the first quarter of 2023. At the same time, the residential real estate price index, corresponding to prices on the secondary residential real estate market, amounted to 150.3%, having increased by 10.4 p.p. compared to the fourth quarter of 2023 and by 8.9 percentage points compared to the first quarter of 2023. As noted by the NBM, the residential real estate price index is a measure of the price evolution of residential real estate in Chisinau. This reliable real estate price index is necessary to analyze the evolutions and risks associated with the real estate market, as well as to describe the degree of relationship between the real estate market and the degree of financial stability. The coverage of the residential real estate price index is currently limited to the municipality of Chisinau. Herewith, the indicator covers events both in the primary market (real estate traded for the first time) and also in the secondary market (real estate already existing on the market). The National Bank of Moldova collects data on real estate offers for sale from wide listing platforms. Data is collected automatically based on a “web scraping” algorithm for both the primary market and the secondary market. The residential real estate price index is calculated quarterly, based on data on real estate that was put up for sale during the corresponding quarter. Aggregation weights are updated annually and represent the average of the total number of transactions over the previous 3 years. // 23.05.2024 — InfoMarket.

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Moldova has announced a tender for the procurement of design works for the development of a project for the repair of the M1 road almost 85 kilometers long.
Moldova has announced a tender for the procurement of design works for the development of a project for the repair of the M1 road almost 85 kilometers long.
Local authorities are encouraged to implement provisions for assessing or updating the inventory value of real estate for tax purposes.
Local authorities are encouraged to implement provisions for assessing or updating the inventory value of real estate for tax purposes.
The auction for the sale and purchase of land plots located within the Chisinau municipality will be held on March 29.
The auction for the sale and purchase of land plots located within the Chisinau municipality will be held on March 29.
Average cost of 1 sq. m in new buildings in Chisinau has not changed for the last 7 months.
Average cost of 1 sq. m in new buildings in Chisinau has not changed for the last 7 months.
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.