The average asking price for apartments in major cities stood at EUR1,309/sqm in July from EUR1,333/sqm in June. Asking prices for old apartments declined in all six cities analyzed, while some growth was recorded on the newly-built segment.
In capital Bucharest, asking prices declined 1.4% in July, to an average of EUR1,376/sqm. Asking prices for old apartments dropped 0.9%, to EUR1,345/sqm, while for new apartments, prices declined 1.7%, to an average of EUR1,400/sqm.
In Brasov, asking prices dropped 0.8% on the month in July, to EUR1,195/sqm. While asking prices for old apartments dropped 1.8%, to EUR1,170/sqm, on the newly-built segment, asking prices in Brasov grew 2% in July, to and average of EUR1,254/sqm.
Asking prices in Cluj-Napoca declined 0.6% overall in July, to EUR1,804/sqm. Asking prices for old apartments declined 0.6%, to EUR1,782/sqm, while prices for new apartments declined 0.8%, to an average of EUR1,821/sqm.
In Constanta, asking prices dropped 1% in July, to EUR1,228/sqm. Asking prices for old apartments declined just 0.1%, to EUR1,228/sqm, while asking prices for newly-built apartments dropped 2.5%, to EUR1,227/sqm.
In Iasi, asking prices grew 1% overall in July, to an average of EUR1,062/sqm. On the old apartment segment, asking prices in Iasi decreased 1.2%, to EUR1,073/sqm, while asking prices on the new apartment segment grew 2.6%, to EUR1,051/sqm.
In Timisoara, asking prices declined 0.7% in July, to an average of EUR1,297/sqm. The old apartment segment registered a decline of 0.8%, to EUR1,301/sqm, while asking prices on the newly-built segment declined 0.5%, to EUR1,280/sqm.