In capital Bucharest, prices remained constant in September, at EUR1,086 per sqm, up 3% compared to EUR1,054 per sqm in the fall of 2014. Old apartments cost an average EUR1,030 per sqm in September, up 0.4% compared to EUR1,026 per sqm in the previous month and up 2.2% compared to EUR1,008 per sqm in the same period a year ago. Following a 0.9% price decline in September (from EUR1,134 to EUR1,124 per sqm), prices of apartments in new residential compound are 0.3% higher than a year ago when they cost an average EUR1,121 per sqm.
In central city of Brasov, prices fell 1.6% in September (from EUR875 to EUR861 per sqm), but are 2.5% higher than prices in the same period a year ago (EUR840 per sqm). In September 2015, the prices of old apartments fell 1.3%, from EUR871 to EUR860 per sqm, and prices of new apartments declined 2.8%, from EUR895 to EUR870 per sqm. Old apartment prices are 4.2% higher, compared to EUR825 per sqm in September 2014, and new apartment prices are 2.7% lower, compared to EUR894 per sqm in the fall of 2014.
“In Cluj-Napoca, the index of Imobiliare.ro reached EUR1,124 per sqm in September this year, up 1.9% compared to EUR1,103 per sqm at the end of August and up 12.4% from EUR1,000 per sqm in September 2014. Old apartment prices rose 2% in September 2015, from EUR1,121 to EUR1,143 per sqm, cuurently, they are 15.5% higher than prices a year ago (namely, EUR990 per sqm). Following a 2.4% increase in September (from EUR1,077 per sqm to EUR1,103 per sqm), new apartment prices currently are 8.6% higher than in 2014 when they reached EUR1,016 per sqm). Overall, Cluj is the city with the most expensive new and old apartments, compared to last year, according to imobiliar.ro.
In Constanta, considering an average price of EUR901 per sqm, old apartment prices are 1.3% higher than prices at the end of August when they reached EUR889 per sqm and 7.9% higher than in September 2014 when they reached EUR835 per sqm. Following an increase of 0.9% in the last month, from EUR910 to EUR918 per sqm, new apartment prices rose 3.7% in the last year, from EUR885 per sqm.
In Iasi, the index of Imobiliare.ro fell 0.8% in September this year, from EUR857 to EUR850 per sqm, and the current value is 4.7% higher than that in the fall of 2014 (namely, EUR812 per sqm). Iasi is the second city (alongside Brasov) in which new apartment prices are lower than they were a year ago, (-2.2%), at an average value of EUR892 per sqm (compared to EUR912 per sqm). In September, prices fell 1.7%, from EUR907 per sqm at the end of August.
In Timisoara, prices rose 0.9% in September (from EUR915 to EUR923 per sqm) and currently are 10.8% higher than in the same period in 2014 when they reached EUR833 per sqm. Following a 0.9% increase in the last month (from EUR909 to EUR917 per sqm), old apartment prices are 11.2% higher than in the fall of 2014 when they reached EUR825 per sqm. New apartment prices increased by 0.7% in the last month (from EUR944 to EUR951 per sqm) and by 5.9% in the last year (from EUR898 per sqm at the end of September 2014).