The evolution of the residential market in the first six months of 2018 confirms expectations for a slowdown in price rises. The imobiliare.ro portal index shows that, after a 1.2 percent decrease in June, the average asking price is at a value of EUR 1,200 per sqm. This figure is only 3.1 percent higher than the one recorded at the beginning of the year, a growth rate slower than in the same period last year, according to Business-Review.eu.
For comparison, in the first half of 2017, apartment prices increased on average by 6.7 percent nationwide (to EUR 1.120 per sqm). It should be noted that the highest growth rate in the first half of this year was recorded in Brasov.
The downward trend in price increases is by far the most obvious in Cluj-Napoca: if in the first half of last year the apartments available for sale in the city have risen by no less than 10 percent, this year the pace growth is half. Apartments in Cluj-Napoca remain the most expensive in the country, with an average value of EUR 1,522 per sqm, at the end of June. Both analyzed market segments experienced a moderation in the rhythm of rises. The average asking price for the old apartments reached EUR 1,553 per sqm, and the new ones at EUR 1,492 per sqm.
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