Romania's houses and apartments could be valued at almost 400bneuros, namely an average real estate wealth of around 19,000 eurosper each Romanian, taking into account the values of a real estateindex drawn up by Eurobank Property Services (EPS), a subsidiary ofEurobank Greek group, the owner of Bancpost.
The index shows the average value of a Romanian housing unit inlate 2010 stood at 47,000 euros, while at the level of Bucharestthe average value of a housing unit revolved around 79,000 euros,maintain EPS representatives.
Nationwide, housing unit volume stands at 8.4 million units, whileBucharest has 800,000 houses and apartments, so that the totalvalue of Bucharest housing units could be put at 63bn euros.
However, the values presented by Eurobank Property Services couldbe double the real ones, considering that according to NationalStatistics Institute data the average area of Romanian houses andapartments stands below 40 square metres, while in Bucharest-Ilfovarea it slightly exceeds this threshold.
Thus, the average price per housing square metre in Bucharestreaches almost 2,000 euros, according to EPS data, against the1,100 euros per square metre, the average price requested forBucharest housing units, according to real estate ad websites.
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