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Bucharest
September 28, 2021
BUSINESS

House prices drop by up to 4.5 pc

House prices dropped by up to 4.5 per cent in the first six months, the downward trend being steeper on the new segment where the adjustment reached 6.7 per cent, the imobiliare.ro portal informs, being quoted by Mediafax. The highest average price drop was registered in Ploiesti, while apartments in Timisoara registered the lowest price drop (0.5 per cent). In general, the downward trend registered in the first half of the year was steeper on the new segment, with a peak of -6.7 per cent in Cluj. In Bucharest the average price reached EUR 1,134 per square meter in the case of new and old apartments put up for sale, registering a drop of approximately 4 per cent in the first six months of the year. Brasov was one of the most stable cities in the first part of the year from the point of view of house price developments. Thus, the average price stood at EUR 848 per square meter, down by 1.3 per cent compared to the start of the year and by 2 per cent compared to last year. In Constanta, the average price stands at EUR 899 in June, down by approximately 3 per cent compared to the start of the year, in the context in which the price of new apartments registered a hike of 1.7 per cent to EUR 962 per square meter, while the price of old apartments dropped by 4 per cent to EUR 884 per square meter.

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