“If in 2016, the average sale price for an apartment in an urban area, in Romania, stood at EUR1,150 per square meter, in 2017, it is expected an increase of 8-10%. Rental rates for apartments in urban areas are expected to see a similar evolution and rise by nearly 7-10% by the end of 2017, compared with the average tariff in 2016, of EUR550 per sqm,” according to Re/Max experts.
According to RE/MAX analysis, searches for a new real estate transaction start in the online environment. RE/MAX Europa experts say that, between 2015 and 2016, sale prices of homes and apartments saw a significant increase, with Lithuania (+13%), Germany and Luxembourg seeing the highest price increases.
Real Estate
RE/MAX: Home Prices In Romania Expected To Rise Nearly 10% By End-2017
Home prices in Romania will keep their upward trend and are expected to go up by 8-10% by the end of 2017, compared with 2016, while rental rates in urban areas will see an increase of 7-10%, compared with the average tariff in the previous year, according to an analysis by real estate firm Re/Max.