During 2017, the claims of housing sellers in Romania, both apartments and houses have maintained the growth trend According to a quarterly report published by Analize Imobiliare, a platform supported by Imobiliare.ro, e recession.
During 2017, the claims of housing sellers in Romania, both apartments and houses have maintained the growth trend According to a quarterly report published by Analize Imobiliare, a platform supported by Imobiliare.ro, residential properties are, on the whole, 9.1% more expensive compared to the previous year. But this figure also marks a slowdown in the rate of growth of prices in the local residential market, which in 2016 experienced a price increase of 12.4%. So, although a good part of what was lost during the period of economic recession has been recovered, homes are still, on average, with 31.5% cheaper than 10 years ago.
The growth was more accentuated in small cities
The last quarter of 2017 reflects this general trend of growth: the rates of the prices requested for residential properties, as a whole, in the period mentioned have been 1.9% higher. After this figure lies a non-uniform evolution in the Capital compared to the rest of the country and in terms of the sectors analyzed. In conclusion, the apartments in Bucharest experienced a slight price increase in the last quarter of 2017, only 0.6%, while in the rest of the country, this segment had an increase of 3.3%. It is very interesting also what happens with the houses, which in the capital have become cheaper by 2.2% while in the rest of the country they have become more expensive with 8.5%.
Record annual growth in Cluj-Napoca
Last year, Cluj Napoca has distinguished itself by the record growth that compared to 2016, was 18.9%. This jump may be due to the high demand of housing by investors in the local market and the numerous cash acquisitions that have taken place. On the other hand, Bucharest has had the lowest advance in the prices of the apartments in 2017, 7.7%, explained by the accentuated caution of the vendors from the Capital, since this was the most affected in the past by the increase in price that led to the boom as well as the sharp prices drop during the recession.