Romania ranks fourth in Europe for cheapest housing in 2024, Deloitte study finds

Romania ranked fourth among European countries with the cheapest housing in 2024, after Turkey, Bosnia and Herzegovina, and Albania, according to the latest Deloitte Property Index published on Monday, September 1. Despite the overall affordability, the study showed that housing in Cluj-Napoca and Brașov is now more expensive than in Bucharest, while rents in the capital have risen to match those in Cluj.

The report found that the average price per square meter of residential property in Romania climbed to EUR 1,676 in 2024, up 11.5% from EUR 1,504 in 2023.