In Timisoara, apartment prices rose 2.3% on the year, unlike Bucharest, Constanta, Brasov or Cluj-Napoca, which registered price decreases.
Thus, in the last 6 years, apartment prices in Timisoara fell 39.4%, from a maximum value of EUR1,329/sqm (in June 2008), to EUR805/sqm, at the end of February 2014.
On the other hand, Bucharest apartments registered the highest price drop, of 53%, from EUR2,264/sqm in March 2008, to EUR1,058/sqm.
In Constanta, apartment prices fell by 46.6%, from EUR1,589/sqm (in June 2008), to EUR849/sqm, while in Brasov, home prices fell 43.5% in the last six years, to EUR833/sqm.
In Cluj-Napoca, home prices dropped by 42.6% in the same period, to EUR862/sqm (from EUR1,503/sqm in May 2008).