Although many view Moldova as an affordable country, recent listings reveal the opposite — small apartment prices in Moldova now surpass those in several EU countries.
Moldova: Compact Apartments at Premium Prices
In Chisinau, prices for small apartments often reach unexpected levels:
- 2-Room Apartment in Park House Residential Complex costs €150,000.
- A 1-room apartment on Strada Nicolae Dimo (42 m²) costs €96,000.
- In the upscale Coliseum Palace, a 1-bedroom unit of 58 m² is selling for €150,000.
These numbers push Chisinau’s price per square meter to €2,285–€2,586, rivaling or surpassing major European cities.
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Europe: Affordable Options in Prime Locations
Meanwhile, several EU countries and nearby destinations offer more space for significantly less money:
- Studio Apartment in Smolice, Poland, costs $77,236.
- Three-bedroom apartment in the southern part of Sunny Beach, Bulgaria, costs €96,000.
- A house with a yard and balcony just 7km from the sea in Stavrochori, Makry Gialos, Greece, costs €90,000.
These listings show that even seaside or tourist destinations often offer better value per square meter than Moldova’s capital.
Why Is Real Estate in Moldova So Expensive?
Several local factors drive Moldova’s unexpectedly high apartment prices:
- Low supply in modern developments, especially in the capital.
- High construction costs due to materials and imported equipment.
- Rising demand from locals and investors.
- Currency and inflation fluctuations impact price stability.
- Limited rental alternatives, pushing people toward ownership.