According to imobiliare.ro, prices of studio flats and two-room apartments in Bucharest fell by 2.4% and by 1.1%, respectively in the mentioned period, while prices of four-room apartments went down by 1.6%. Thus, prices in Bucharest range between EUR998 per square meter and EUR1,076 per sqm.
New apartment prices also declined in the first quarter of the year, by 4.5% for studio flats and by 0.7% and 0.8%, respectively, for two and three-room apartments. In Bucharest, newly-built studio flats are priced EUR1,145 per sqm, two-room apartments are priced EUR1,226 per sqm, while the prices of three-room apartments reach EUR1,309 per sqm.
Data presented by imobiliare.ro show that only homeowners in Bucharest cut prices for all categories of apartments, while in the cities of Timisoara and Cluj, prices went up for studio flats and for two and three-room apartments.
Prices of studio flats in the western city of Timisoara rose by 3.6% to EUR871 per sqm, by 2.3% to EUR798 per sqm for two-room apartments and by 2.7% to EUR767 per sqm for three-room apartments. However, Timisoara has the lowest housing prices among the six cities under survey.
In northwestern city of Cluj, housing prices rose by 0.6% to EUR1,005 per sqm for studio flats, by 2.4% to EUR999 per sqm for two-room apartments and by 0.5% to EUR961 per sqm for three-room apartments.
The cities of Iasi, Constanta and Brasov saw a different price evolution, in the mentioned period, in ratio with the number of rooms. Thus, three-room apartments in central city of Brasov, studio flats and two-room apartments in Constanta, as well as studio flats and three-room apartments in Iasi saw a slight increase in prices, of 1.7% to 4.1%, respectively.
Housing prices in northeastern city of Iasi range from EUR784 per sqm for studio flats to EUR763 per sqm for two-room apartments and to EUR778 per sqm for three-room apartments.
In southeastern city of Constanta, housing prices range from EUR854 per sqm for three-room apartments, to EUR860 per sqm for two-room apartments and to EUR866 for three-room apartments. In Brasov, studio flats sell for an average EUR883 per sqm, while the prices of two-room apartments go down to EUR854 per sqm and to EUR833 per sqm for three-room apartments.
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