What an apartment costs in Chisinau?

What an apartment costs in Chisinau? We believe this is the most common question that Moldovans ask when they start looking for a home.

Whether they work in Moldova or abroad, whether they want to buy with cash or mortgage, the realization of this dream begins with finding this answer.

And because there is no simple answer, prices ranging from X euro or Y euro/m2, it is necessary to approach this question in a more complex way.

Factors influencing the price of an apartment

In addition to the economic, social and political situation in the country, the price of an apartment may also vary due to other factors.

Price vs. sector

Thus, according to statistics, in Chisinau, the highest prices are in the Centru and Râșcani, followed by Botanica, Buiucani, Ciocana, and the cheapest apartments are in the Telecentru and Poșta Veche.

Compare the prices for apartments:

Price vs number of rooms

Usually, the more rooms in the apartment, the lower the price per m2. This trend is observed especially with apartments in the secondary buildings or in new buildings with renovation.

Price vs the surface

The footage of the apartment and its full use directly determines the price per square meter.

For example, take 2-bedroom apartments, one 65m2 and the other 85m2. Considering that both apartments have the same practicality / functionality, the price per m2 for an apartment of 85 m2 will be lower. For a potential buyer, the best choice is to purchase a 3-room apartment of 85m2, the utility of which is much higher.

Price vs planning

The plan of the apartment plays an important role in determining the sale price. A successful apartment plan, in which each square meter is used to the maximum, will cost much higher than an apartment with a less successful plan (long and narrow corridors, non-standard room shape, etc.), long and narrow rooms, atypical room shape.

Price vs new or old block

If we calculate the price per m2 in the new and old house, we will encounter the problem that prices are often approximately the same. The only difference is that the total cost of an apartment in a new building is higher due to the fact that the surface of apartments is slightly larger than in secondary funds.

Price vs floor

Apartments in Chisinau, located on the first and last floor, are usually 10-15% cheaper than the average market price.

Price vs block under construction or given into operation

The price of apartments in houses under construction is much more attractive than the price of apartments in commissioned houses. The price can vary from 50 to 150 euros per square meter.

Price vs autonomous or centralized heating

The price of an apartment in a secondary fund (old house) with autonomous heating is 1000–3000 euros higher than in a similar apartment with central heating.

Price vs construction company (building materials)

Construction companies in Chisinau have different pricing policies, but they also have a special approach regarding the construction of residential complexes (using different construction materials and finishes). Thus, there are different price categories:

Economy class - up to 550 euro / m2;
Medium - 550 - 750 EUR / m2;
Elite from 750 to 1200 Euro / m2.

Price vs infrastructure

Infrastructure directly determines the price of the apartment. If the house is located in a zone with developed infrastructure (public transport, shopping and entertainment centers, educational and medical institutions, parks and playgrounds), then the price per m2 will be much higher than the average price on the real estate market.

CONCLUSION

If you want to buy an apartment at a lower price, then you have to choose an apartment that has rooms with separate entrances, located on the first or last floor, without repair, with central heating, in a secondary building, located in an area with less developed infrastructure.

But if you want an apartment with a successful plan, bright and spacious, in a new qualitative construction, located in an area with rich infrastructure, then you should consider that the price per m2 will be average and above average.

Acces Imobil - affordable apartments!