Romanian housing market: prices rose in February in most major cities, Cluj-Napoca is still the most expensive area

Prices of residential properties increased in four out of six major urban areas of Romania in February, due to strong demand, according to Imobiliare.ro data, Cluj-Napoca retaining its position as the country’s most expensive city to invest in a home.

Data show prices rose in February for new and old houses alike, with Bucharest recording the highest month-on-month rate of 2.8 percent, to EUR 1,302 per square meter.

Cluj-Napoca retained its position at the top of the price list, even if the average price declined slightly last month to EUR 1,460/sm.

Timișoara is the third most expensive housing market in Romania, with EUR 1,167/sm, up 0.7 percent.

Residential properties’s prices rose 1.7 percent month-on-month in Constanța, to EUR 1,110 /sm, and 0.4 percent in Brașov, to EUR 1,013.

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Iași, the biggest city of Romanian Moldova, recorded a 0,3 percent decline of residential prices in February, to EUR 990 /sm.