Apartments in capital Bucharest, as well as in Constanta and Ramnicu Valcea in Romania registered the largest price decreases in the past six years, of over 40%, according to data from imobiliare.ro, cited by local Mediafax.On the other hand, the smallest decreases, of 16% and 25% respectively, were registered in Sibiu and Timisoara. In Sibiu, the price dropped to an average of EUR 697 per sqm, while in Brasov, the average price per sqm went down to EUR 824, according to Romania-Insider.com.
Moderate declines of below 40% were registered in Brasov – down 30% to EUR 818 per sqm, Cluj-Napoca – down 32% to EUR 968 per sqm, Iasi – minus 33% to EUR 799 per sqm and Ploiesti – minus 34% to EUR 733 per sqm. Between 2013 and 2014, the prices started to recover however, registering an increase of 2.6% in Brasov, 1.8% in Cluj-Napoca, 2.5% in Iasi and 2.6% in Ploiesti, reports local Mediafax.
