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 first edition of the event "Energy for Romania ”, organized by the Electrica Group and the Electrica Foundation, took place at Hala Filaret, the site of the first power plant in Bucharest. It brought together over 150 participants, including representatives from the public authorities, leaders from the energy sector, the capital market, academia, and […]
Andrei Găluț, the lead singer of the band Goodbye to Gravity, which was on stage when the fire broke out in the Colectiv club on October 2015, launched a new project honoring the victims of the tragedies that have marked Romania over the past decade. The Memento Project, created as a charitable project together with […]
71% of people worldwide support Deposit Return Schemes (DRS), with trust at record highs, paving the way for circular systems that keep infinitely recyclable materials like drink cans in the loop. ● Romania is among the fastest DRS adopters, with 9 in 10 people participating and 77% supporting the system. ● 71% of Romanians feel […]
Romania’s construction sector accounted for almost 8% of GDP over the past four quarters, the highest share across the entire European Union, according to Eurostat data analysed by investment company Colliers. This level is well above the EU-27 average of 5%. Moreover, Romania recorded the second-fastest post-pandemic growth in construction activity within the European Union, according […]
Romanian women who went abroad to work found it disproportionately harder to find work in their country compared to the men, according to data from a European study conducted by Save the Children Romania. Parents in the study sample have been abroad for an average of six years, both mothers and fathers, and 67% of […]
Bucharest’s ARCUB Cultural Center will open The Art of the Game (TAG) on November 8 - a large-scale cultural event dedicated to video games and related arts. Curated by Elvira Lupșa, the four-month exhibition and event series will run until March 1, 2026, at ARCUB - Hanul Gabroveni, featuring workshops, talks and multimedia performances. The […]
