„We note that two out of three buyers expect apartment prices to increase next year, a considerably higher percentage than in previous market measurements. We believe that this perception is rather realistic and is based on inflation that cannot bypass the real estate area, the increase in construction costs, the emergence of new projects with higher standards, and the lower supply of new ones,” said Daniel Crainic, marketing director of Imobiliare.ro.
According to the Imobiliare.ro Index, the average asking price for apartments for sale in Romania reached 1,909 euros/usable square meter at the end of September, after a 15% increase over the past year.
Buyers are paying the highest prices in Cluj-Napoca, Brașov and Bucharest. Apartments in Cluj ended up being sold almost 9% more expensive than at the beginning of last autumn. In Brașov, the average recorded at the residential market level is 2,223 euros/usable squa...