Asking prices for houses up by 1.9 pct in September

Newsroom 11/10/2018 | 11:34

It is well-known that September brings significant increases in residential real estate trading (both sale and rental) compared to the summer months. During this period, portal registered a 1.9 percent hike in asking prices on a national level, from EUR 1,197 per sqm, valid at the end of the previous month, to EUR 1,220 per sqm.

Especially under the influence of the new segment, the growth trend was felt in all the regional centers analyzed, even if it was more modest compared to the country level.

Of the six major cities that are constantly monitored, the Capital is ranked first in the monthly price rises. Here, sellers increased their claims by 1.3 percent in September, reaching a level of 1,319 euros per square meter (compared to 1,302 euros per square meter at the end of August).

What is interesting is the contrasting evolution of the two analyzed market segments: while old flats were 0.7 percent cheaper (from 1.231 to 1.222 euros per sqm), new ones appreciated with no less of 3 percent (from 1,346 to 1,386 euros per sqm).

In Brasov, the average asking price for available apartments for sale (regardless of the year of construction) slightly increased in September, namely 0.3 percent, from 1,062 to 1,065 euros per square meter. While the old dwellings in the city have practically maintained the same price level (they have just dropped 0.1 percent, from 1,054 to 1,053 euros per square meter), the newly built ones increased by 0.9 percent (from 1,085 to 1,095 euros per square meter).

In Cluj-Napoca, the expectations of apartment vendors increased, overall, by 0.4 percent in the first month of fall, from 1.525 to 1.531 euros per square meter. Here too, the dwellings in the old blocks depreciated slightly, namely by 0.3 percent (from 1.566 to 1.561 euros per square meter); those in the new residential complexes, on the other hand, recorded a significant advance of 1,2 percent (from 1,483 euros per square meter, up to 1,501 euros per square meter).

The Index recorded in Constanta a 0.6 percent advance in September, with apartment vendors’ claims increasing overall from 1,141 to 1,148 euros per square meter. Together with Timisoara, Constanta is one of the two largest regional centers where old flats did not get cheaper last month – they rose by 0.5 percent, from 1.138 to 1.144 euros per square meter. At the same time, newly built dwellings in the city have appreciated 1 percent, from 1,150 to 1,162 euros per sqm.

In the northeastern city of Iasi, the average asking price for all available apartments on the market, regardless of the year of construction, experienced only slight variation in September – a 0.1 percent increase, from 1,045 to 1,046 euro per square meter useful. This apparent stagnation, however, hides important developments in the two analyzed market segments: thus, if the dwellings in the old blocks have been cheaper by 2.5 percent (from 1.019 to 994 euros per square meter) built up were 0.8 percent (from 1,059 to 1,067 euros per square meter of useful).

In Timisoara, the real estate Index reveals a 0.5 percent increase in the expectations of apartment owners in September, from 1,204 to 1,210 euros per square meter. Price increases were recorded for both types of property, but their amount was different, so the gap between the two analyzed market segments widened. Old dwellings appreciated by 0.4 percent (from 1,203 to 1,208 euros per square meter of utility), but new ones increased by 1 percent (from 1,206 to 1,218 euros per square meter of utility).

BR Magazine | Latest Issue

Download PDF: Business Review Magazine April 2024 Issue

The April 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Caring for People and for the Planet”. To download the magazine in
Newsroom | 12/04/2024 | 17:28
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue