The average price requested by owners for the apartments put up for sale in Romania’s biggest cities, including Bucharest, rose by 1.5% in September compared to August and by 5.7% year-on-year. The increase was mainly supported by the old apartment segment, according to the platform imobiliare.ro.

The average price for the new and old apartments in Bucharest, Brasov, Cluj-Napoca, Constanta, Iasi, and Timisoara reached EUR 964 per sqm in September, compared to EUR 950 at the end of August.

In Bucharest, the apartment prices are about 3% higher compared to the prices recorded in the fall of 2014. The old apartments in the capital have an average price of EUR 1,030 per sqm, up by 0.4% compared to August. The price for the new apartments went down by 0.9% compared to the previous month, but increased by 0.3% year-on-year.

editor@romania-insider.com