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.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
