Analysis Storia – What are the apartment prices in the main cities in the country
● Braşov remains the leader in increasing the prices of old apartments (+18%) vs. last year
● The city of Sibiu again has the highest increase in the prices of new apartments (+16%) vs. last year
● Constanţa and Timisoara have the lowest price increases (+8%) for new and old apartments
● The city of Bucharest has 13% higher prices compared to last year
In March of this year, the prices of apartments for sale registered an increase of 11% compared to March of last year. The asking price per square meter for new apartments for sale increased by 13% in March 2024 vs. March 2023, while the price of old apartments increased, on average, by 9%, according to the latest data from Storia, the real estate platform launched by OLX. As for the lifetime of property for sale ads on the site, it has decreased by 41% compared to March 2023 and by 29% compared to February 2024, which shows that user interest is higher and that properties it trades faster. Concretely, the shorter the exposure time of the ads on the website, the faster the transaction speed of the properties mentioned in the real estate ads.
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