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>\n
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, Economica.net<\/a> reported.\u00a0<\/p>\n 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>\n Bucharest led in transaction speed, with properties selling faster than in other cities, followed by Ia\u0219i, Bra\u0219ov, and Gala\u021bi. Conversely, the slowest markets were C\u0103l\u0103ra\u0219i, Br\u0103ila, Bistri\u021ba, and Foc\u0219ani.\u00a0<\/p>\n January saw the highest demand for properties, in contrast to 2023 when interest peaked in August.<\/p>\n Interactions between buyers and sellers increased by 43% in 2024, reflecting sustained activity in the market.\u00a0<\/p>\n \u201cBuyers\u2019 interest shifted to three-room apartments this year, with increased engagement and a greater number of contacts compared to 2023,\u201d said Monica Dud\u0103u, Senior Marketing Manager at Storia & OLX Imobiliare.<\/p>\n