Asking prices for apartments in Romania were up by 3.8% in March compared to the previous month to an average €1,654 per sqm, according to data by Imobiliare.ro platform.
In Bucharest, prices went up by 2.4% to €1,648 per sqm, while in Cluj-Napoca, the asking price was up 4.2% to €2,330 per sqm.
"After the shock felt at the beginning of the crisis in the neighboring country, when demand fell sharply on a highly emotional background, the residential market has recovered in the last 3 weeks, so that demand is back to the pre-February 24 level. Against the backdrop of increased demand and rising construction costs, we expect apartment prices to continue this upward trend," said Daniel Crainic, Marketing Director of Imobiliare.ro.
On the Brașov market, prices were up by 2.8% to €1,556 per sqm, while in Constanța they rose by 1.2% to €1,451 per sqm.
In Iași, the asking prices gained 0.2% to €1,239 per sqm, while in Timișoara prices slightly rose by 0.3% to €1,450 per sqm.
