Selling prices for big city new apartments continue to rise at a steady pace which in the last 30 days has been up to 4 percent in Timisoara or Constanta; Iasi city is the only exception, with an evolution that goes against the trend recorded in all the other large urban centers, shows a survey conducted by real estate website Imobiliare.ro.Apartment prices in the surveyed medium-sized cities follow the same upward trendline, with Oradea in the leading position (+1.8 percent), followed by Sibiu and Craiova.The Imobiliare.ro nationwide residential market index hit a new record high of 1,598 euros/usable sqm, whereas in Bucharest this indicator stands at an all-high of 1,723 euros/sqm, up by 11-plus percent year-over-year. A new maximum was also reached for old apartments, at 1,705 euros/sqm.The average asking price for new apartments in Bucharest is 1,875 euros/sqm, up 16 percent compared to May 2023.According to the survey, Cluj-Napoca remains the most expensive city in the country for buyers who are looking for an apartment. With a 3 percent increase alone in the last 30 days, the average asking price for new homes reached 2,960 euros/usable sqm at the end of May. The annual growth rate for apartments put up for sale in Cluj-Napoca has hovered around 10 percent both for the general average price and for the two main segments, new and old. The average asking price for old apartments is 2,735 euros/sqm.With an average price of 1,907 euros/sqm for both new and old apartments, Brasov strengthens its position as the second most expensive city in the country on the residential market."The average asking price for new apartments is 2,224 euros per square meter, making Brasov the only city in Romania - with the exception of Cluj - where the figure for new apartments has exceeded the threshold of 2,000 euros/sqm. With an average asking price of 1,826 euros/sqm, up 18.2 percent from the same period last year, old homes are more affordable," the cited survey states.According to the Imobiliare.ro index, Timisoara is ahead of Bucharest in terms of asking prices for new apartments, with an increase of almost 22 percent in the last 12 months and 4 percent in the last 30 days. The average price in this segment is currently 1,960 euros/sqm, placing Timisoara back among the top three cities with the most expensive new apartments.Old apartments, which are listed for an average value of 1,568 euros/sqm and which have seen an average increase of 7 percent over the past year, remain much more budget-friendly.At the opposite end of the scale is Ploiesti, where the average asking price for apartments is 1,116 euros/sqm, with the lowest annual advance among the surveyed cities, of just 3.4 percent.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
