On the other hand, whereas sales are affected by inflation and the rise in interests, new developments are affected by the lack of building permits and the project freeze, which will put pressure on the price of the old apartments in the next two to three years.
Annual increase reached 4.9% at the end of November 2022 compared with 5.2% in October, and the price difference stood at EUR5,350. This is the sixth month of slowdown in a row.
(English version by Loredana Fratila-Cristescu)