Investors! Moderate to good rental yields in Bucharest


Houses and apartments are still not expensive in Bucharest compared to other European capitals, with worthy examples starting from around 1,600 tp 2200 euro per square metre (sq. m.) in popular areas, rising to 5000 euro in premium areas

  • a 120 sqm. apartment, post 1980, in north Bucharest will cost from around 198,000 euro
  • a 70 sqm. apartment, post 1980, in north Bucharest will cost around 115,000 euro
Last Updated: 27/1/2020
BUCHAREST – flats COST (€uro) YIELD (p.a.) PRICE/SQ.M. (€)
70 sq. m. 106,050 552 6.24% 1,515 7.88
120 sq. m. 190,920 966 6.07% 1,591 8.05
Aviatiei, Aviatorilor, Baneasa, Calea Victoriei, Conlentina, Cotroceni, Domenii, Dorbanti, Drumul Taberei, Kiseleff, Primaverii, Pipera, Scoala Herastrau
Source: Global Property Guide/,, Definitions: Data FAQ See also: Update Schedule


The purchase price of apartments in Bucharest, post-1980 construction, is around 1,550 euro per sq. m.

How much can you earn?  Bucharest´s rental yields are good:

  • a 120 sq.m. apartment can rent for about 850-1300 euro per month, earning a rental yield of 6.1%.
  • a 70 sq. m. apartment can rent for about 550-900 euro per month, earning a rental yield of 6.1%

Please note that our prices primarily represent very well-maintained apartments, north of the centre. We have used the “usable area” instead of the “built area” when we computed for the sq. m. prices because we only included old apartments in our survey. When one buys an old apartment in Bucharest, one buys the useful area. But when a developer sells an apartment, he sells the built surface. Therefore, the buyer becomes co-owner of the conjoint spaces & of course, the walls. Typically there is a 15% difference between built & usable space, plus the terrace/ balcony is added to the built space. Eg, an 85sqm apartment might be 100sqm constructed space, including the walls but could be listed as 200sqm because of a 100sqm terrace so the detail matters, so check for terrace sizes and always clarify the ‘utilisable space’.

Currency risk: over the past 8 years the Romanian Leu has remained largely stable against the euro, as can be seen by

Conclusion:  Bucharest is a bargain. In only a few European countries are homes less expensive than in Romania.  Even more important, Romanian price to rent ratios are very low, in other words, Rental yield is high at around 6% (compared to UK, Germany, Austria etc at 2-3%).  Romania is growing rather rapidly, so there is upside potential.

Round trip transaction costs are moderate in Romania. See this Romania transaction costs analysis and our Residential property transaction costs in Romania compared to other countries.

Contact us for more details on how to invest in Romanian property via