The trends of the real estate market in Romania in 2024: which apartments prefer Romanians

Discover the trends of the real estate market in Romania in 2024: the favorite apartments of the Romanians and the evolution of prices. Essential information for buyers!

In 2024, the real estate market in Romania continued to be dynamic and unpredictable, with important changes in the preferences of buyers and significant prices of prices according to the Region. While large cities such as Bucharest, Cluj-Napoca, Timięsetara and Iayond remain the main centers of interest, Romanians have become increasingly attentive to the type of apartments they buy, but also to the evolution of prices. In this article, we will explore what types of Romanian inhabitants prefer, how prices have evolved in the main cities and which factors influence the real estate market this year.

Favorite types of Romanian apartments in 2024

One of the main trends of 2024 is the clear preference for 2 and 3 rooms apartments, which offers a balance between comfort, space and cost. These houses are extremely popular both among young families and among investors who buy them to rent them. Apartments for sale From new residential assemblies, which are equipped with modern structures such as parking lots, green spaces and easy access to public transport, they are the most sought after.

Another important aspect in the choice of an apartment in 2024 is the existence of a work area from home, which reflects changes in post-apandemic lifestyle. Many families and young professionals are now interested in apartments that offer rooms or additional areas dedicated to remote work. At the same time, the space apartments open and those with separate kitchens remain the dominant preferences, due to their versatility.

Evolution of the prices of apartments in the cities in 2024

The prices of apartments in large cities in Romania have continued to increase in 2024, but at a more temperate rhythm than previous years. This is caused by a series of economic policies and which directly influence the demand and demand. In Bucharest, Cluj-Napoca, Timię workoara and Iayond, prices for Apartments for sale They remain high, especially in the central and semi -centric areas.

• Bucharest: The capital of Romania is maintained among cities with high prices for apartments. The average price per square meter for a new or modernized apartment varies between 1,800 and 2,300 euros. The north of the city, with the areas of Pipera and Baneasa, remains one of the most expensive regions of the capital.
• Cluj-Napoca: The city in the heart of Transylvania continues to be the most expensive in Romania, with prices that can reach 2,500 euros per square meter in the central areas and in the popular neighborhoods, such as Gheorgheni or Mongiant.
• Timisoara: Another important city west of the country, Timiōoara records the average prices of about 1,600 euros per square meter. The developments on the university campus and in the city center are the most sought after.
• Iasi: In Iasi, a city that has undergone significant development in recent years, the average price per square meter is 1,400 euros, with a strong demand for apartments near economic and university centers.

Cluj-Napoca remains the most expensive city in Romania in 2024, followed by Bucharest and Timi 2011. The increase in prices in these cities is determined by a growing demand for modern homes and closeness to economic and university centers. Costanta completes this top, due to the growing interest in the apartments near the coast, which are increasingly attractive to investors.

Factors that influence prices on the real estate market in 2024

1. Interest rate on mortgage loans: One of the most important factors that influence homes’ prices is the fluctuation of interest rates. In 2024, a possible increase in interest could reduce demand, causing prices stabilization in some regions. On the other hand, a decrease in interest can stimulate buyers to invest in houses, which could maintain high prices in large cities.
2. Inflation and costs of building materials: Inflation and increase in the prices of building materials, such as steel, cement and wood, have a significant impact on the costs of building new apartments. The developers are forced to adapt the prices of homes to cover these additional expenses, which can lead to price increases, especially in the cities where the demand is already high.
3. Government policies: Government programs such as «new house» continue to play an essential role in stimulating the demand for housing. In addition, changes in ownership taxes or introduction of tax incentives for investors can have a significant impact on the evolution of prices on the real estate market.

The real estate market in Romania in 2024 is competitive and diversified, with trends indicating a continuous demand for new and modern apartments, especially in large cities. Prices for Apartments for sale They remain high, being influenced by economic factors such as the interest rate, inflation and costs of building materials. Cities such as Cluj-Napoca, Bucharest and Timiōoara dominate the top of the most expensive real estate markets in the country. In the context of global and local economic evolutions, those who want to buy an apartment must pay attention to these trends and the impact of government policies.