Prices for apartments increased by 22.3% from April 2021
Prices for apartments increased by 22.3% comparing to the same period of 2021. During April 2022, house prices recorded an increasing trend: the average amount requested nationally for an apartment rose by 3.2 percent, from 1,654 euros to 1,707 euros per square meter.
"Apartment prices continued to rise in April due to rising construction costs amid rising prices. At the same time, demand increased by 11% and is close to the values recorded before the outbreak of the Ukrainian conflict. We are also seeing an increase in investment interest, but also in cash transactions, the residential being today considered an instrument with high potential for protection against inflation. We also expect the rental market to consolidate in the near future," Daniel Crainic, Marketing Director of Imobiliare.ro.