According to the latest analysis by Storia, in Bucharest, the average prices for selling old apartments are higher than those for new apartments.

Thus, the average price requested for selling a new apartment reached, in January 2024, 1,705 euros per square meter, a price 10% higher compared to the same month of the previous year and 3% higher than in December 2023.

As for old apartments, they had an asking price of 1,732 euros per square meter, 9% higher than in January of the previous year and 3% higher than in December 2023.

Price Evolution in Romania's Largest Cities:

CLUJ-NAPOCA: In January, the average prices for both new and old apartments were relatively similar to those in December. Therefore, the average asking price for a new apartment was 2,596 euros per square meter, 7% higher compared to January 2023.

Old apartments in Cluj-Napoca had an average asking price of 2,560 euros per square meter, 11% higher than in the same month of the previous year.

IASI: In January 2024, the average asking price for both new and old apartments was 1,521 euros per square meter. Prices for new apartments recorded an average increase of 9%, while old apartments saw an increase of 11% compared to January 2023.

TIMISOARA: In January, the average price per square meter for new apartments for sale was 1,542 euros, 3% higher than in the same month of 2023. For old apartments, there is an 8% increase, reaching an average asking price of 1,532 euros per square meter.

BRASOV: The average asking price for new apartments in Brasov reached 1,997 euros per square meter, 4% higher than in January 2023. However, prices for old apartments have grown rapidly, by 14% compared to the same month of the previous year, reaching an average of 1,771 euros per square meter.

SIBIU: In Sibiu, the average asking price for new apartments increased by 9% in January compared to January 2023, reaching 1,432 euros per square meter. At the same time, prices for old homes had more moderate increases (+3%), reaching 1,485 euros per square meter.

CONSTANTA: In January, new apartments in Constanta had an asking price of 1,727 euros per square meter, 5% higher than the same month of the previous year. At the same time, old apartments had average asking prices 9% higher than in January 2023, reaching a value of 1,639 euros per square meter.

ORADEA: The average price per square meter for new apartments in Oradea was 1,528 euros (up 4% in January 2024 vs. 2023). Average prices for old apartments have shown a rapid increase, reaching an average asking price of 1,464 euros per square meter, an increase of 14% compared to the same period of the previous year.

CRAIOVA: In January, the average asking price for new apartments in Craiova was 1,564 euros per square meter (up 9% in January 2024 vs. 2023), while the asking price for old ones was 1,507 euros per square meter, 6% higher compared to the same month of the previous year.

The analysis was conducted by Storia – the real estate platform launched by OLX, as part of the "Smart Road Home" initiative, through which the brand aims to contribute to the transparency of information necessary for all buyers, tenants, owners, agents, and developers, in order to support them in making informed decisions. (Photo: Freepik)