Property for sale in Romania
Romania is a country that has seen many investments in recent years, most of them coming from abroad. The premise seems to remain favorable to investors in 2018, of course, if the government's forecasts come true. However, even if the scenario will be darker and the country's economic growth will not rise to expected levels, this should not be important if investments are made in the right place.
There is a big offer for buyers who want to buy property for sale in Romania. This happens for different reasons:the massive growth of both supply and demand for property for sale in Romania, particularly in Bucharest and the progressive well-being of the country, as companies are putting the well-being of their employees and the evolving demands of their customers at the center of their business. This has influenced the mentality of builders and property owners: the sector is now less on bricks and mortars, and more on services and facilities. The builders, who understand this change in the philosophy of tenants and who have the flexibility to translate it into office space, will be a step ahead of the competition.
The average selling price of property for sale in Romania, in partucular of the apartments increased by 8.40% to 1.045 euros per square meter during the year. In the third quarter, house prices increased by 2.45%.
All major cities in Romania have seen an increase in properties for sale prices during the year:
Bucharest, the capital, the average selling price of apartments increased by 5.34% to € 1,144 per square meter. Cluj-Napoca, the second most populous city in Romania, apartment prices rose 9.52% to 1.231 per square meter.
In Timisoara, the average selling price of apartments rose 10.73% to € 1,022 per square meter. In Brasov, the average selling price of properties for sale rose 6.85% to 920 euros per square meter.Constanta, the oldest city in the country, apartment prices rose 5.07% to 953 euros per square meter