Romanian apartment market shows signs of cooling

06
Oct
2026
News - Romanian apartment market shows signs of cooling #Brasov #Bucharest #Cluj-Napoca #Propgenius #Residential #Romania

by Property Forum | Report

Romania's apartment market showed signs of divergence in September 2026, according to the monthly PropGenius barometer. The national average price per sqm remained broadly flat, edging down from €1,973 to €1,972 per sqm, while time-on-market indicators rose across all seven cities analysed.


Brașov recorded the sharpest monthly price correction among the cities covered, falling 10.0% from €2,379 to €2,142 per sqm. Timișoara also declined, by 1.2%, to €1,963 per sqm. In contrast, Bucharest rose 6.5% to €2,214 per sqm, Cluj-Napoca gained 2.8% to reach €2,930 per sqm, Sibiu increased 2.6% to €1,999 per sqm, Iași rose 1.9% to €1,951 per sqm and Constanța edged up 0.7% to €1,935 per sqm.

The national average rent fell 2.1%, from €519 to €508 per month. Rental declines were recorded in Constanța (-5.8%), Cluj-Napoca (-3.9%), Iași (-2.9%), Bucharest (-2.7%) and Brașov (-2.2%). Timișoara bucked the trend with a 10.5% rental increase to €422 per month, while Sibiu rose 4.2% to €446 per month.

Time-on-market rose across all seven cities. Iași had the longest average selling period at 53 days, followed by Sibiu at 52 days and Cluj-Napoca at 50 days. Constanța stood at 47 days, while Bucharest and Brașov were both at 44 days. Timișoara remained the fastest market at 31 days. Cluj-Napoca, despite carrying the highest price per sqm of any market in the analysis, still required an average of 50 days to complete a sale.

Neighbourhood-level data reveals considerable variation within cities. In Bucharest, the Primăverii district reached €5,554 per sqm, approximately 151% above the city average. In Cluj-Napoca, the Centru area stood at €3,942 per sqm, around 35% above the city mean. In Iași, Șicău reached €2,922 per sqm, roughly 50% above the local average, while Trei Stejari in Sibiu was approximately 45% above its city average.

The PropGenius barometer is based on analysis of more than 250,000 residential properties per month. Neighbourhood figures reflect average prices from available listings in each micro-zone and should be read as market indicators rather than valuations of individual properties.




New leases

  • Globalworth announced the signing of a lease agreement with B+N Integrated Facility Services, part of the international facility management company LIWO Group, which operates across nine European countries. B+N will occupy approximately 1,500 sqm of office space in Green Court D, Globalworth’s newest development in Bucharest, currently under construction in the Aurel Vlaicu area and scheduled for completion in 2027.
  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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