Flats in Cluj Napoca 14 pct more expensive than in Bucharest

Georgeta Gheorghe 08/05/2018 | 15:08

At EUR 1,500 per sqm, flats in Cluj Napoca are 14 percent more expensive than in Romania’s capital, Bucharest. Price increases were recorded in three out of the biggest six cities in the country, a survey by Imobiliare.ro revealed.

In April, the average cost of flats available for sale at a national level recorded a slight decrease of 0.3 pct, from EUR 1,200 to 1,197 per square meter. According to the real estate rental and sales website, in Bucharest the prices remained constant.

Cluj-Napoca, the city with the biggest asking price per average square meter at a national level exceeded the EUR 1,500 threshold per square meter, which is 14 percent more than in Bucharest.

In Bucharest the prices remained constant, in April compared to March, when it decreased by just 0.1 percent, from 1,316 to 1,315. While the prices of flats in old blocks of flats increased by 1.2 percent, from EUR 1,219 to EUR 1,234 per square meter, prices of new flats decreased by 1 percent, from EUR 1,386 to EUR 1,372 per square meter.

In Brasov, prices of flats increased the most when compared to other cities in Romania. They went up by 2.7 percent, from EUR 1,016 to EUR 1,043 per sqm. Old flats became 1.4 percent more expensive, from EUR 1,030 to EUR 1,044 per square meter. Prices of new flats saw a 5.5 percent increase, from EUR 991 to EUR 1,046 per square meter.

Cluj-Napoca is one of the three regional centres where prices increased in the past month. Following a 1.5 percent increase, a square meter sold for EUR 1,505 per sqm, compared to EUR 1,483 per sqm at the end of March. Prices of old flats increased by 1 percent in April , from EUR 1,536 to EUR 1,552 per sqm, and the price of new ones increased by 2.3 percent, from EUR 1427 to EUR 1,460 per sqm.

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