In February 2014, prices rose on the old apartment segment, while new apartments got cheaper. Still, apartment prices are 5.5% lower compared with the same period a year earlier.
Bucharest home prices fell 0.3% on the month in February, at EUR1,058/sqm. New apartments were 1.9% cheaper, to EUR1,163/sqm. Owners of old apartments rose prices by 0.4% from EUR987/sqm toEUR991/sqm.
In Brasov, the average home prices rose 1.3%, from EUR822/sqm to EUR833/sqm on the month, but fell 3.4% on the year.
Average apartment prices in Cluj-Napoca stood at EUR862/sqm at the end of February, up 5.4% on the month, while, compared with February 2013, prices fell 4.8%.
Constanta home prices fell 0.5% from EUR053/sqm in January to EUR849/sqm at the end of February, thus the average price also dropped 2.9% on the year.
In Iasi, apartment prices were down 1.8% on the month in February, from EUR820/sqm to EUR805/sqm, and also dropped 5.1% compared with February 2013.
In Timisoara, home prices decreased 0.2% to EUR805/sqm on the month, but rose 2.3% compared with the same period a year earlier.