Nevertheless, Iasi ranks last by demand volume (88% lower than Bucharest, and 46% lower than Brasov). In the last 12 months, the average acquisition value of plots of land in Iasi remained the same, at around EUR8 per square meter.
In capital Bucharest, land demand rose 79% since the spring of 2014, thus it ranks second among the main Romanian cities by interest in plots of land for residential constructions. Demand volume rose 78% compared with the next city in the classification, namely the central city of Brasov. In the last 12 months, the average price rose a mere 2%, at approximately EUR45 per sqm.
Northwestern city of Cluj Napoca ranks third by the interest in land for residential constructions, with a 61% increase, while the price rose 10% in the last 12 months to EUR24/sqm.
The demand for plots of land in southeastern city of Constanta rose 57% in the last 12 months, thus it ranks fourth in the classification. Prices rose 27% to approximately EUR20/sqm.
In the western city of Timisoara, land demand rose 56% since the spring of 2014, while prices rose 16% to approximately EUR17/sqm.
Brasov registered the slightest growth in the demand for plots of land for residential constructions since the spring of 2014, of 18%. Except for Bucharest, Brasov ranks first among the main Romanian cities as demand volume. The average acquisition value of plots of land in Brasov fell 11% to EUR15/sqm in the last 12 months.