Apartment prices in Romania up 10% in 2024
<p>The Romanian real estate market experienced a significant price increase in 2024, with the cost of apartments rising 10% year-on-year, according to the annual Storia report. Buyer preferences also shifted, with three-room apartments becoming the most sought-after, accounting for 51% of demand, compared to two-room apartments, which led in 2023.</p>

<p>In 2024, the average price of new apartments reached EUR 1,840/sqm, a 10% increase from the previous year, while older apartments rose by 11%, averaging EUR 1,661/sqm, <a href="https://www.economica.net/storia-apartamentele-s-au-scumpit-in-medie-cu-10-in-2024_796287.html?mc_cid=2ff2aefb42&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net</a> reported.&nbsp;</p>

<p>Bucharest saw an average asking price of EUR 1,904/sqm (+10%) for apartments, while Cluj-Napoca retained its position as the most expensive city, with prices averaging EUR 2,737/sqm (+10%).</p>

<p>Bucharest led in transaction speed, with properties selling faster than in other cities, followed by Iași, Brașov, and Galați. Conversely, the slowest markets were Călărași, Brăila, Bistrița, and Focșani.&nbsp;</p>

<p>January saw the highest demand for properties, in contrast to 2023 when interest peaked in August.</p>

<p>Interactions between buyers and sellers increased by 43% in 2024, reflecting sustained activity in the market.&nbsp;</p>

<p>“Buyers’ interest shifted to three-room apartments this year, with increased engagement and a greater number of contacts compared to 2023,” said Monica Dudău, Senior Marketing Manager at Storia &amp; OLX Imobiliare.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Teodororoianu/Dreamstime.com</a>)</em></p>