Acces Imobil Real Estate Index – 10 Years of Monitoring the Chișinău Real Estate Market

The real estate market needs transparency. Whenever buyers, sellers, investors, developers, or journalists discuss apartment prices in Chișinău, one of the most important questions is: What is the actual average price of apartments in Chișinău?

Although the real estate sector is one of the most important pillars of the Moldovan economy, only a limited number of sources consistently and systematically monitor residential property prices.

To address this need, Acces Imobil created and continuously publishes the Acces Imobil Real Estate Index, one of the longest-running private indicators tracking the residential property market in Chișinău.

What is the Acces Imobil Real Estate Index?

The Acces Imobil Real Estate Index represents the average price of apartments in the Municipality of Chișinău, calculated using Acces Imobil's proprietary methodology, which analyzes more than 30 residential market segments.

The purpose of the index is to provide the most objective possible picture of housing price developments and to improve transparency in the real estate market.

Unlike subjective opinions or isolated market perceptions, the index follows long-term price movements and helps identify genuine market trends.

Evolution of the Acces Imobil Real Estate Index

According to data collected since 2017, the average apartment price in Chișinău has evolved as follows:

2017 – €595/m² (Stable transaction volume and moderate price growth)
2018 – €635/m² (Launch of the Prima Casă housing program)
2019 – €650/m² (Lower mortgage interest rates)
2020 – €705/m² (COVID-19 pandemic)
2021 – €850/m² (Real estate boom and record transaction volume)
2022 – €960/m² (War in Ukraine / Energy crisis / Inflation reaching 30%)
2023 – €1,070/m² (Real estate once again becomes an effective hedge against inflation)
2024 – €1,540/m² (Launch of the Prima Casă Plus program / Housing supply shortage)
2025 – €1,720/m² (Cash payment restrictions / Declining housing affordability / Sharp decline in residential transactions)
2026 (January–March) – €1,720/m² (Market stabilization / Deferred demand)

Over the past ten years, the average apartment price in Chișinău has nearly tripled, increasing from €595/m² to €1,720/m². According to the Acces Imobil Real Estate Index, this represents an overall increase of approximately 190%, highlighting the profound transformation of the city's residential property market.

The strongest price increases occurred during 2024–2025, when the average apartment price climbed from €1,070/m² to €1,720/m², representing an increase of more than 60% in just two years. This rapid appreciation was driven by the Prima Casă Plus mortgage program, a growing housing shortage, and the inflationary pressures accumulated in previous years.

After reaching a historic peak in March 2025, the market entered a new phase. Throughout 2026, apartment prices have remained relatively stable while transaction volumes have declined significantly, suggesting that the market is searching for a new equilibrium between housing prices and household purchasing power.

After several years of exceptionally rapid growth, the Chișinău residential market appears to be entering a period of greater maturity and consolidation.

Why is this Index Important?

The real estate market influences some of the most important financial decisions people make during their lifetime. Purchasing a home, selling an apartment, launching a residential development, or making an investment all involve substantial capital and long-term financial commitments.

A regularly updated real estate index provides:

Greater market transparency;
The ability to analyze long-term market trends;
A reliable benchmark for buyers and sellers;
A valuable analytical tool for investors;
Relevant market information for journalists and economic analysts.

Without reliable, up-to-date, and easily accessible market indicators, participants are often forced to rely on personal opinions, fragmented information, or anecdotal evidence. This can lead to unrealistic expectations, inaccurate property valuations, and incorrect interpretations of market developments.

By continuously monitoring residential property prices, the Acces Imobil Real Estate Index contributes to a more transparent, informed, and efficient real estate market in the Republic of Moldova.

More Than 30 Market Segments Analyzed

The Acces Imobil Real Estate Index is not simply an arithmetic average of the asking prices listed on the market.

To reflect the reality of Chișinău's residential market as accurately as possible, the methodology developed by Acces Imobil is based on the analysis of more than 30 distinct market segments, grouped into four main categories.

1. Property Location

Apartments in the City Centre
Apartments in Botanica
Apartments in Buiucani
Apartments in Ciocana
Apartments in Râșcani
Apartments in Telecentru
Apartments in the Suburbs

2. Property Type

Apartments in New Residential Buildings
Apartments in Older Residential Buildings

3. Number of Rooms

Studio Apartments
One-Bedroom Apartments
Two-Bedroom Apartments
Three-Bedroom Apartments
Four-or-More-Bedroom Apartments

4. Finishing Standard

White Shell Apartments
Apartments with Cosmetic Renovation
Apartments with Standard European Renovation
Apartments with Premium Renovation

By combining these categories, more than 30 individual market segments are analyzed, allowing the index to reflect the actual structure and dynamics of Chișinău's residential property market with greater accuracy.

This methodology reduces the risk of a single market segment disproportionately influencing the overall result and provides a more representative estimate of the average apartment price in Chișinău.

A Reference for the Local and International Real Estate Market

Over the years, data from the Acces Imobil Real Estate Index has been used and cited by economic publications, news portals, and real estate market analysts.

Whenever information regarding the average apartment price in Chișinău is used, we believe it is important to clearly acknowledge the source: Acces Imobil Real Estate Index.

Proper source attribution improves transparency and enables readers to understand both the methodology and the context in which the data has been calculated.

Thanks to the statistics published by Acces Imobil, information about the Chișinău residential market is now featured on international platforms such as Global Property Guide and, more recently, in Eurostat publications.

From a Private Index to a National Benchmark

The National Bank of Moldova currently publishes the Residential Property Price Index (RPPI) on a regular basis, providing an important tool for monitoring the real estate market and assessing risks related to the financial sector.

In the long term, however, the Republic of Moldova would also benefit from having an official national real estate price index based on actual property transactions recorded by the Cadastre.

Such an index would enable more precise monitoring of market developments while providing an even higher level of transparency for homebuyers, investors, developers, policymakers, and public authorities.

Conclusion

A mature real estate market depends on reliable data.

The Acces Imobil Real Estate Index was created to provide a clear, objective, and consistent view of apartment price trends in Chișinău.

After more than 10 years of continuous monitoring, it has become a valuable benchmark for understanding market trends and supporting informed real estate decisions.

Transparency builds trust. And a healthy real estate market is built on accurate, accessible, and verifiable information.

Author:

Analysis prepared by Victor Cernomorcenco, a Chișinău real estate market specialist and representative of Acces Imobil.

Disclaimer:

Copying, reproducing, or distributing data from the Acces Imobil Real Estate Index is permitted only with proper source attribution and an active link to accesimobil.m d.