Wizmo.ro: Two-room apartments the most popular in sale/rent classifieds in 2017

Anca Alexe 01/02/2018 | 10:40

According to data provided by Wizmo.ro, a residential and business real estate platform, the most frequently listed properties in the residential segment in 2017 were two-room apartments.

The most classified ads, both for sale and for rent, were registered in Bucharest. Cluj-Napoca had the highest average sale price per square meter, at around EUR 1,400, while the price per sqm in Bucharest was at an average of EUR 1,355.

The most dynamic cities on the residential sales segment were Bucharest, Cluj-Napoca, Floresti and Iasi, where two-room apartments were the most popular types of homes.

The most listed types of properties for sale on wizmo.ro in 2017 were apartments – out of the total number of classifieds, almost 90 percent were apartments in cities like Bucharest, Constanta or Floresti.

On the other hand, the most house listings were in Cluj-Napoca, with 17 percent of the classifieds in the city, followed by Constanta, with 12 percent listings for houses.

The capital holds the record for the highest percentage of old constructions listed, around 97 percent, followed closely by Constanta, with 96.5 percent. The highest number of new constructions available on wizmo.ro was found in Floresti, with 11 percent of the total in the town. It is the first time Floresti appears in the top most active cities on the real estate market.

The average sale time of a property on the wizmo.ro platform was 95 days for new homes and 116 days for old ones.

In the rentals segment, the highest number of properties was listed in Bucharest, Cluj-Napoca, Craiova, Iasi and Timisoara – two-room apartments were the most popular in this segment as well.

The average rent price at the national level was at EUR 500 per property in 2017. The capital leads with an average rental price of EUR 662, followed by Cluj with EUR 616 and Timisoara with EUR 568.

At the other end of the spectrum, the cheapest rents were in Craiova, with an average of EUR 260, and Iasi, with EUR 385.

According to wizmo.ro representatives, the average time it took to rent out a property available on the platform was 93 days.

“Bucharest remained in first place in the number of properties listed for rent. Despite prices growing yearly, residential spaces for rent are still mostly in the large cities of the country, where there are university centres”, said Maarten Deboo, CEO of wizmo.ro.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Anca Alexe | 27/03/2024 | 17:32
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