In capital Bucharest, apartment prices reached on average EUR1,425 per useful sqm in December 2020, up 1.8% from EUR1,400/sqm end-November. Compared with the beginning of 2020, housing prices in Bucharest have grown by 0.8% (versus EUR1,413/useful sqm). Old apartment prices increased by 0.6% over the last 12 months, from EUR1,343 to EUR1,351/sqm. Prices of new-built homes reached EUR1,481/useful sqm end-2020, up an annual 1.3% from EUR1,462/useful sqm.
In central city of Brasov, housing prices averaged EUR1,236/sqm in December 2020, up 0.4% versus November (from EUR1,231/sqm) and up 4.9% from EUR1,178/sqm at the beginning of the year. Old apartment prices reached EUR1,202/useful sqm, up 5.1% over the last 12 months (from EUR1,144/sqm). Prices of new-built homes grew 5.7% during the analysed period, from EUR1,229 to EUR1,299/sqm.
In 2020, Cluj-Napoca, among the large regional centers, saw the biggest housing price growth. In December 2020, the Imobiliare.ro index stayed at the level in November, respectively EUR1,840/sqm, but, in the context of a 7.5% increase versus EUR1,712/sqm at the beginning of the year. Old apartment prices in Cluj reached EUR1,795/sqm, up 3.2% over the past 12 months (from EUR1,739/sqm). Prices of new-built homes grew 11.5% during the analysed period, from EUR1,691 to EUR1,886/sqm.
In the city of Constanta, the average asking price for apartments fell 1% in December 2020 (from EUR1,253 to EUR1,240/useful sqm), but grew 2.5% over the past 12 months (from EUR1,210/useful sqm). Old apartment prices stood at EUR1,241/useful sqm end-2020, up 2.6% from EUR1,209/sqm at the beginning of the year. Prices of new-built homes grew 2.5%, from EUR1,212 to EUR1,242/useful sqm.
In the city of Iasi, housing prices grew 1.9% in December 2020, from EUR1,080 to EUR1,100/useful sqm, according to Imobiliare.ro index; compared with the beginning of the year, when housing prices reached EUR1,037/sqm, the increase is 6.1%. Old apartment prices grew 4.9% in 2020, from EUR1,049 to EUR1,100/useful sqm. Prices of new-built homes grew 6.8%, from EUR1,029 to EUR1,099/sqm.
In the city of Timisoara, asking prices for apartments inched up 0.4% in December compared with November (from EUR1,287 to EUR1,292/useful sqm), and grew by 1.5% over the last 12 months (from EUR1,273/useful sqm). With an average price of EUR1,297/sqm, old apartment prices in Timisoara currently are 2% higher than a year ago, when they stood at EUR1,272/sqm). Prices of new-built homes inched down 0.4% over the past 12 months, from EUR1,276 to EUR1,271/useful sqm.