“Analyzing the most important trends on our platform, we can see an interesting trend on the real estate market: prices of apartments for sale saw a higher increase for old apartments compared with new ones year-on-year, i.e. in December 2024 compared with December 2023,” said Monica Dudau, senior marketing manager of Storia & OLX Imobiliare.
“This trend shows a change in buyer preferences, which could be influenced by such things as location, price, availability right away, the possibility to customize or other characteristics specific to old apartments.”
There were also 27% more interactions between sellers and buyers in December 2024 compared with December 2023.
The average price of new and old apartments in Bucharest was EUR1,880/ square meter in December 2024, 13% higher than in December 2023. The average old apartment price was EUR2,075/square meter in December 2024, 24% higher, and the average price of new apartments was EUR1.715 / square meter, 4% higher.
The average price for old and new apartments in Cluj-Napoca was EUR2,950/ square meter in December 2024, 15% higher than in December 2023. The asking price for a new apartment was EUR2,965/ square meter, up 16% year-on-year, and for an old apartment it was EUR2,933/square meter, up 15%.
The average asking price in Iasi was EUR1,711/square meter, while in Timisoara it was EUR1,722/square meter and in Constanta EUR1,911/square meter.
(English version by Loredana Fratila-Cristescu)