The price differences reflect the particularities of the local market, influenced by demand, supply, location, surface area and amenities included.
“In the big cities, old apartments are often more expensive than the new ones and the main factor that explains this difference is the location. Old homes are generally located in central areas or areas better connected to the urban infrastructure, while new developments are mostly on the outskirts, where the land is cheaper,” said Monica Dudau, Head of Marketing Real Estate Europe, OLX Group.
Bucharest remains the city with the biggest differences between new and old apartment prices.
(English version by Loredana Fratila-Cristescu)