After the relative calm of the 1990s, since 2002 Romania has experienced a dramatic increase in property prices.
Today some apartments in central Bucharest have prices comparable with those of properties in Paris or London, and in virtually every small town the median housing price rivals that of similar towns in the European Union.
[citation needed] The following are the most-often cited factors that have contributed to this increase in prices: It has been argued[by whom?]
that some of the above-mentioned potential causes of Romania's rising property prices are not significant.
Besides the official technical and economic factors, ordinary people in Romania[2] believe that the rise in property prices was also caused by: