The Imobiliare.ro index shows the average asking price by home sellers in Romania grew 2% in August compared with July 2021, to EUR1,508 per useful square meter from EUR1,478/sqm. Thus, five of Romania’s large cities surveyed saw a positive evolution, with the biggest increases being recorded in capital city Bucharest and the lowest increases seen in western city of Timisoara.
In Bucharest, in August 2021, the prices of apartments up for sale overall grew 2% to EUR1,569/sqm from an average EUR1,538/useful sqm. Owners’ expectations were higher on both market segments surveyed: old apartment prices inched up 0.9% to EUR1,489/sqm from EUR1,476/sqm; prices of apartments within new residential compounds increased by 2.9% to EUR1,621/sqm from EUR1,576/sqm.
For the city of Brasov, the Imobiliare.ro index shows a 0.9% increase in apartment prices, to EUR1,442/sqm at end-August 2021 from EUR1,429/useful sqm at end-July 2021. Old apartment prices grew 1.4% and new apartment prices inched down 0.3%.
In the city of Cluj-Napoca, asking prices for apartments inched down 0.3% in August, reaching on average EUR1,973/useful sqm, compared with EUR1,979/sqm at end-July 2021. Old apartment prices inched up 0.5% and new apartment prices fell 0.9%.
In the city of Constanta, the average asking price for apartments on sale increased by 0.5% to EUR1,347/sqm from EUR1,340/useful sqm. Prices for old and new apartments grew by 0.4% and by 0.6% respectively.
Asking prices for apartments in the city of Iasi advanced 1.1% in August 2021 to EUR1,131/sqm from an average EUR1,119/useful sqm. Prices for old and new apartments grew by 0.6% and by 1.3% respectively.
Average asking prices for apartments in the city of Timisoara inched up 0.4% in August 2021 to EUR1,349/sqm from EUR1,343/useful sqm. Prices for old and new apartments grew by 0.6% and by 0.1% respectively.