Study: New apartment prices rise fastest in Bucharest, existing homes see biggest increase in Timișoara

Apartment prices continued to rise across Romania's major cities over the past year, with the sharpest increase for new homes recorded in Bucharest and the biggest gains for existing apartments seen in Timișoara, according to the latest Imobiliare.ro index quoted by news agency Agerpres. The slowest price growth was registered in Constanța for new apartments and in Cluj-Napoca for existing homes.

The residential market index showed that new apartment prices in Bucharest increased by 21% year-on-year, the highest rise among the country's major cities. Buyers now pay an average of EUR 2,636 per square meter for apartments completed within the past five years.