Romanian housing prices fell by 10.5 percent on average last year, marking the biggest drop of any of the 42 European markets included in a study conducted by the Global Property Guide. Other European markets have also reported a sharp decline in housing price since 2013. Spain, Greece and Ireland posted the biggest decreases in 2012, while prices in Romania fell by 6 percent. Meanwhile, housing prices in Ireland increased on average by 6.18 percent last year, followed by Turkey (5.73 percent) and the UK (4.88 percent), according to the Global Property Guide report.
