Prices of residential properties for sale in Romania grew just 0.7% in the third quarter compared with the second, after 1.4% quarter-to-quarter growth in the previous two quarters.
In annual terms, asking prices grew 5.6%. IN the third quarter of last year, asking prices were 10% higher than in the prevision year.
In the third quarter, asking prices grew in all major cities in Romania, but growth was significantly lower than in previous years, at under 2%.
In Cluj-Napoca, housing prices grew 0.9% in the third quarter compared with the second, to EUR1,520/sqm. Compared with the same period last year, prices grew 8.6%.
In Brasov, housing prices grew 1.7% quarter -to-quarter and 8.9% on the year, to EUR1,060/sqm.
In capital Bucharest, prices grew 0.4% quarter-to-quarter and 6% on the year, to EUR1,290/sqm.