While prices for new apartments in Romania’s main cities have fallen over the past two years by 54 percent, prices in Bucharest continue to outstrip those in the regional cities.
A one-room apartment costs €36,089 on average in Cluj, while in Brasov it costs €37.276, €38,039 in Constanta and €40,000 in Timisoara. Meanwhile, in Bucharest, prospective owners of new flats must come up with an average of €48,860.
Put differently, the money it takes to buy a new two-room apartment Cluj will only get you a studio flat in Bucharest. Cluj has the cheapest apartments in Romania of the major cities analyzed, with an average price of €49,392.
In Brasov, new apartments with two bedrooms cost €52,302 whereas in Bucharest the price is €84,939, writes daylibusiness.ro. Three-bedroom units in Iasi cost an average of €64,047, compared to €68,205 in Cluj. In Timisoara, a new three-bedroom apartment costs €74,700, but this is nothing compared to the €123,000 the same flat will set consumers back in Bucharest.
