Record-Breaking Real Estate Prices Shake Moldova's Capital

Chisinau Real Estate Market Sees Record Price Surge Chisinau, Moldova is experiencing an unprecedented surge in real estate prices. The cost of new apartments has skyrocketed to a record 1906 euro per square meter, a 300 euro increase over the past three months. This dramatic increase, according to economic expert Veaceslav Ioniță, is the largest quarterly jump in Moldovan history. "The first quarter of 2025 brought the biggest price increase for apartments in Chisinau in the entire history of Moldova," Ioniță stated in a recent interview. He attributes the price explosion to a significant drop in new housing construction. The volume of housing put into operation in the last three years has been more than 50% lower than in the period from 2019 to 2021. The sharp rise in prices is causing concern. The market is clearly in a turbulent and unstable state, a situation that benefits neither developers, consumers, nor the government. Ioniță warns that this price surge may be just the beginning of a deeper crisis in the real estate market unless national strategies and administrative reforms are implemented to address the underlying issues. Despite the concerning situation, the report highlights the importance of addressing the underlying problems to stabilize the market and ensure sustainable growth in the future.