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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Prices of new apartments in Bucharest up 9.6% y/y in June

The average prices asked by developers for the new apartments on sale in Bucharest increased by 9.6% year-on-year to EUR 1,561 as of June, according to data calculated by real estate portal imobiliare.ro.

The developers keep announcing imminent rise of the prices, caused by more expensive (‘in some cases +100%’) construction materials - while some of the more skeptical analysts point to the excessive profit margins that should offset the higher costs that may not be so high as ‘+100%’.

The prices asked for ‘old’ apartments increased by only 8.0% to EUR 1,465 per square meter. In Cluj-Napoca, the city where the apartments have the highest prices in Romania, developers asked in June prices that were 7.6% higher than a year earlier - namely EUR 1,975 per square meter.

Old apartments’ ask price increased by 7.8% year-on-year to EUR 1,932 per square meter. The premium for new apartments versus old apartments increased from 5% to 7% in Bucharest but remained at the same level - and smaller (2%) - in Cluj-Napoca. 

(Photo: Teodoroianu/ Dreamstime)

iulian@romania-insider.com

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Prices of new apartments in Bucharest up 9.6% y/y in June

The average prices asked by developers for the new apartments on sale in Bucharest increased by 9.6% year-on-year to EUR 1,561 as of June, according to data calculated by real estate portal imobiliare.ro.

The developers keep announcing imminent rise of the prices, caused by more expensive (‘in some cases +100%’) construction materials - while some of the more skeptical analysts point to the excessive profit margins that should offset the higher costs that may not be so high as ‘+100%’.

The prices asked for ‘old’ apartments increased by only 8.0% to EUR 1,465 per square meter. In Cluj-Napoca, the city where the apartments have the highest prices in Romania, developers asked in June prices that were 7.6% higher than a year earlier - namely EUR 1,975 per square meter.

Old apartments’ ask price increased by 7.8% year-on-year to EUR 1,932 per square meter. The premium for new apartments versus old apartments increased from 5% to 7% in Bucharest but remained at the same level - and smaller (2%) - in Cluj-Napoca. 

(Photo: Teodoroianu/ Dreamstime)

iulian@romania-insider.com

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