Cheaper apartments in Bucharest, more expensive in Brasov, Cluj Napoca or Timisoara

The latest Imobiliare.ro study shows that apartments are cheaper in Bucharest, but continue to grow in regional centres, says ActMedia.eu.

In Bucharest, demands of apartment sellers dropped by 1.2% last months, from 1,318 to 1,302 euros/square meter. Drops were recorded on both market segments analysed; apartments in old apartment buildings depreciated less, by 0.6% (from 1,239 to 1,231 euro/sq.m) while newly built units recorded a decline of 2% over a month (,1374 to 1,346 euro/sq.m).

In Brasov, Imobiliare.ro registered a drop last month. Apartments on sale were 0.8% cheaper, from 1,071 to 1,062 euro/sq.m. In this case, old buildings recorded a smaller drop, of 0.5%, from 1,059 to 1.054 euro/sq.m. New apartments depreciated by 1.7%, from 1,104 to 1,085 euro/sq.m.

In Cluj Napoca, the expectations of apartment sellers grew by 0.9% in August, reaching an average of 1,525 euro/sq.m. (compared to 1,511 euro/sq.m in July). Old apartments appreciated by 1% (from 1,551 to 1,566 euro/sq.m), while new ones recorded an advance of 1.5% (from 1,461 to 1,483 euro/sq.m), which led to the narrowing of differences between the two market segments.

In Constanta, apartment prices recorded a slightly growing tendency in  August – an advance of 0.2%, from 1,139 to 1,141 euro.sq.m. The two market segments analysed had different evolutions: while apartments in old buildings appreciated by0.4% (from 1,133 to 1,138 euro/sq.m), those from new residential units were cheaper by 0.5% (from 1,156 to 1,150 euro/sq.m).

 

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