prices of apartments in big Romanian cities up by 4 percent in Q1 2017

Georgeta Gheorghe 05/04/2017 | 15:33

The prices of apartments in big Romanian cities have increased by 4 percent in Q1 2017, announced.

According to the data, this trend was noticed in all Romanian major cities. The most interesting development was recorded in Cluj-Napoca, the city with the biggest medium price for a flat, where the prices remained stable.

After recording a 1.1 percent increase in March, the amount requested for apartments put up for sale at a national level, new and old, reached EUR 1,092 per carpet area (from EUR 1,080 per square meter at the end of February).

In Bucharest, the costs of apartments up for sale increased by 1.4 percent in the past month (from EUR 1,159 to EUR 1,175 per carpet area). The average price requested for an old apartment remained constant at EUR 1,112 per square meter, while new apartments went up by 3 percent, from EUR 1,189 to EUR 1,225 per square meter.

In Brasov, the index shows a 0.8 percent increase in March, from EUR 918 to 925 per square meter. Old apartments went up by 1.3 percent from EUR 918 to 930 per square meter, while new ones went up by 0.5 percent (from EUR 917 to 912 per square meter).

In March, in Timisoara the average price of an apartment (both new and old) increased by 2.5 percent, from EUR 1,039 to EUR 1,065 per square meter.

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