The average requested price for old and new dwellings reached EUR 1,200 per square metre in March, by 0.3% more than at the end of the previous month, when it averaged EUR 1,197 per meter square, with the largest increases being in Timisoara, Cluj-Napoca and Bucharest.
According to imobiliare.ro, the big regional centres experienced this upward trend, with one exception, in Iasi.
Timisoara is first in the ranking of price increases in the large cities in March. The average value of an apartment, regardless of the year of construction, is by 1.7% higher than last month, amounting to EUR 1,187 per square meter (as compared to EUR 1,167 per square meter).
After the 2.8% increase in February, the price advance in Bucharest has calmed down in March, so an apartment can currently be bought for EUR 1,316 per square meter useful area – equivalent to an increase of 1.1% against the previous month (up from EUR 1,302 per square meter).
Of the six cities analyzed, Braşov recorded the lowest growth rate last month, namely by 0.3% – up from EUR 1,013 to EUR 1,016 per square meter.
Following a slight decrease (0.2%) in February, in March the prices of apartments in Cluj-Napoca returned to the growing trend. The owners’ expectations have increased by 1.6%, up from EUR 1,460 to EUR 1,483 per square meter.
In Constanta, the average amount reached EUR 1,114 per square meter, by 0.4% more than at the end of the previous month (EUR 1,110 per square meter).
Iaşi is the only one of the large cities where apartment prices have registered a general decline. Thus, the owners’ expectations fell by 1.8% (from EUR 990 to EUR 972 per square meter).