According to the report, residential properties were 9.1% more expensive than a year before, a slowdown after a 12.4% annual growth in 2016.
In the fourth quarter of 2017, housing prices in Bucharest grew slightly, by just 0.6%, while the rest of the country posted a growth of 3.3%. Prices of houses and villas in Bucharest dropped 2.2% but grew 8.5% in other cities, the report noted.
Prices in Cluj-Napoca grew 18.9% on the year in the fourth quarter, while housing prices in Iasi grew 8.6%, Timisoara and Brasov – 9.4%, and Constanta – 11.3%.