Prices in Arad (-14%), Alba Iulia (-10%) and Targoviste (-10%) seeing the steepest decline, and those in Bucharest falling just 2%.
Land prices in Romania saw a decrease of around 4% against the first half of 2013, but a considerable decline of nearly 63% countrywide compared with the start of the crisis (mid- 2008).
Land prices saw declines of 1% to 14% in 22 of the 41 cities under survey, and stagnated in Targu Mures, Cluj-Napoca, Galati and Ramnicu-Valcea.
Farmland survey was carried out on a regional level. Farmland prices in Campia de Vest (west field) range from EUR2,500 to EUR3,200 per hectare on the primary market, and from EUR3,200 to EUR5,000 per hectare on the secondary market- the highest level among all regions under survey.