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.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
