09 July 2026 Romania’s residential real estate market remains undervalued despite continued price increases, as housing prices remain below levels justified by household income, financing costs and rental prices, according to the National Bank of Romania (BNR). Independent analysts have a different opinion. "Housing prices are below the level of economic fundamentals both nationally and in Bucharest. Regardless of the methodology used to estimate the degree of over/undervaluation, the results consistently indicate an undervaluation of the residential real estate market," the BNR said in its latest Financial Stability Report, cited by Profit.ro. The central bank said the gap between strong demand and limited housing supply continues to support price growth, while affordability has improved