Thus, in January 2023, 33,274 transactions were completed nationwide, 26,590 fewer than the 59,864 transactions signed in December 2022.
In Bucharest, the number of transactions fell by 47.6% to 6,945, comparable to January 2020, when Bucharest recorded only 5,229 transactions.
Moreover, a strong decrease in the number of transactions was recorded in almost all the main cities of the country.
Thus, in Cluj the number of transactions decreased by 57.76%, in Timisoara by 58.13%, in Sibiu by 40.45%, in Constanta, by 43.93%, in Iasi, by 23.88%, in Targu Mures, by 75.51%, in Brasov, by 48.56%, in Arad, by 65.46% and in Oradea, by 47.98%.
At the same time, there was also a decrease in property prices.
According to data aggregated on the real estate platform Blitz.ro, in Bucharest, the average price recorded in January was EUR1,676/square meter, down 1.06%, in Cluj the average price was EUR2.650/square meter, down by 4.58%, in Constanta the average price was EUR1,535, down by 2.79%, in Timisoara the average price was EUR1,370, down by 2.77%, and in Sibiu the Blitz index was EUR1,382, down by 2.47%.
In contrast, Bistrita was one city that saw prices go up in January, by 9.41% to EUR1,012/square meter.
(English version by Loredana Fratila-Cristescu)