Demand on the real estate market is 30% higher than supply. In recent years, the stock of apartments available for sale has been limited. The buyers’ demand is not fully covered and this generates a constant increase in prices, real estate agent Victor Chernomorchenko told IPN.
Although demand goes up, sales have declined since the beginning of the year. Compared to last year, 30% fewer homes were sold in Chisinau in the same period.
In the context of rising prices, mortgages were raised for 60% of the apartments sold in 2025, compared to 35% in the last 7-8 years.
In the capital city and its suburbs, more buildings have been erected than in the previous years, said the real estate agent. In 2024-2025, permits will be issued for about 13,000 apartments. In 2022-2023 and 2023-2024, 10,500 homes were made available for use.
The most sought-after apartments are those with a value of up to €100,000. This is valid for both apartments in new blocks and secondary blocks.
“Investors and people who want to improve their living conditions are investing massively in apartments under construction,” said Victor Chernomorchenko.
According to him, citizens who work abroad also opt for apartments in blocks under construction, given the possibility of paying in installments until the building is put into operation.
On average, the difference in prices between the construction phase and the making of the building available for occupancy is of about €200-300 per square meter. “This estimate varies considerably from one property to another and must be analyzed individually,” added the real estate agent.
The average price of apartments in the first half of 2024 was €1,370 per square meter. After the cheapening of mortgage loans in summer and the launch of the First Home Plus program, the average price increased to €1,540.
Although the number of sales has decreased in 2025, apartment prices continue to rise due to inertia, and the average price exceeded the figure of €1,650 for a square meter, said Victor Chernomorchenko.
