Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Apartment prices in Romania return to pre-crisis level

Apartment prices in Romania resumed their upward trend in the second part of 2020 and ended the year with a 2.2% advance compared to the end of 2019.

The evolution reflects the prices asked by the sellers on the specialized marketplace Imobiliare.ro and not actual transactions.

Given the methodology, based on the average price of apartments irrespective of their location within an urban area, the increase is rather within the error margin. However, the trend detected through the second part of the year might be more statistically significant.

The average price in Bucharest rose by only 0.8% in December, compared to December 2019, to EUR 1,425 per sqm, Wall-street ro reported.

The average price of new apartments (EUR 1,299 per sqm) was higher compared to that of old apartments (EUR 1,202 per sqm). It also increased faster, by 1.3% year-on-year (compared to 0.6% advance for old apartments). The differentials are rather slim, though. 

[email protected]

(Photo source: Pexels.com)

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Apartment prices in Romania return to pre-crisis level

Apartment prices in Romania resumed their upward trend in the second part of 2020 and ended the year with a 2.2% advance compared to the end of 2019.

The evolution reflects the prices asked by the sellers on the specialized marketplace Imobiliare.ro and not actual transactions.

Given the methodology, based on the average price of apartments irrespective of their location within an urban area, the increase is rather within the error margin. However, the trend detected through the second part of the year might be more statistically significant.

The average price in Bucharest rose by only 0.8% in December, compared to December 2019, to EUR 1,425 per sqm, Wall-street ro reported.

The average price of new apartments (EUR 1,299 per sqm) was higher compared to that of old apartments (EUR 1,202 per sqm). It also increased faster, by 1.3% year-on-year (compared to 0.6% advance for old apartments). The differentials are rather slim, though. 

[email protected]

(Photo source: Pexels.com)

Normal
 

Romania Insider Free Newsletters