Real Estate Market in the Republic of Moldova – Some Evolutions and Trends

Abstract

The real estate market in the Republic of Moldova has undergone significant transformations over the past decade, shaped by macroeconomic dynamics, demographic shifts, migration flows, foreign investment trends, and legislative reforms. This paper analyzes the main evolutions and emerging trends in the Moldovan residential and commercial real estate sectors, with a focus on price dynamics, transaction volumes, and regional disparities between Chișinău and rural areas. The study draws on data from the National Bureau of Statistics of Moldova, the State Enterprise "Cadastru," and international reports. Findings suggest that while the Chișinău real estate market has experienced sustained price growth driven by urbanization and remittance-financed demand, rural markets remain underdeveloped and illiquid. The paper identifies key structural challenges and proposes policy recommendations to foster a more balanced, transparent, and sustainable real estate market. CZU: 332.72(478); JEL: M3, M31, R0, R3