Apartment prices surge by 13% in January amid growing market demand

The average price of apartments—both new and old—rose by 13% in January 2025 compared to the same period in 2024, according to the latest data from Storia, the real estate platform launched by OLX. The market also witnessed a significant increase in buyer-seller interactions, up 41% year-over-year, reflecting growing interest in property purchases. Compared to December 2024, the number of buyer contacts surged by 84%, signaling heightened demand.

In Bucharest, the average price of apartments reached €1,917 per square meter, marking a 12% increase from January 2024. New apartments saw a substantial 21% rise, with an average price of €2,095 per square meter, while older apartments experienced a more modest 2% increase, reaching €1,742 per square meter.

Cluj-Napoca maintained its position as Romania’s most expensive residential market, with average apartment prices climbing 15% year-over-year to €2,981 per square meter. The price gap between new and old apartments remained minimal, with new apartments averaging €2,981 per square meter, while older units followed closely at €2,980 per square meter.

The sharp price increases and rising engagement levels suggest a sustained upward trend in Romania’s real estate market, fueled by strong demand and limited housing supply.