Bucharest apartments in the center of the city are more expensive than apartments in Brussels or Amsterdam! The Romanian capital ranks as one of the most expensive major cities in the world when it comes to rent. The price per square meter to rent Bucharest living space is 3935 euro per square meter. In comparison, living space in Milan is just 3511 euro per square meter.
The study was done by GlobalPropertyGuide.com and was quoted by the Romanian news agency Mediafax. Bucharest apartments ranked 26 amongst the 113 markets analyzed. The Egyptian capital of Cairo was the cheapest market analyzed (at just 453 euro per square meter). Monaco was the runaway leader in terms of high price, with space at 36000 euro per square meter. The study was based on 2008 figures.
In the years following the fall of the Berlin wall, prices in many Eastern European capitals have skyrocketed. Bucharest has been no exception to this. However, the likely trend is the prices in the city vary greatly, as opposed it there being a uniform rise in price.
Knowing that prices can be this high to rent Bucharest lodging, it is all the more important that you arrange Bucharest travel with people who know the city. While many Bucharest apartments are extremely expensive, there is still quality, cheap lodging to be found in the city. Working with trust worthy individuals is the best way to find somewhere to stay in the city.
When looking to rent Bucharest lodging, it can pay dividends to know that while average costs are high, there are deals to be had. Look for a group with deep roots in the city before blindly renting Bucharest apartments.