Thursday, 20 August 2026
The average residential property price in Romania reached €2,031/sq m in Q2 2026, 10% higher than in the same period last year, according to the latest quarterly report by The Concept.
The increase is visible in nominal terms, but the picture changes when prices are adjusted for inflation and income growth.
Adjusted for inflation, housing prices fell slightly, by approximately 0.4% compared with Q2 2025. In other words, prices rose at almost the same pace as inflation.
When measured against the evolution of the average net salary, prices fell by 2.4%, indicating that incomes have recovered somewhat relative to housing prices. However, this trend should also be monitored in the coming quarters, particularly in cities where salaries have risen rapidly in recent months.
Transactions fell by 8.9% in the first half of the year
In the first six months of 2026, 67,876 individual residential units were transacted nationwide, 8.9% fewer than in the same period of 2025. The data therefore point to a market where prices continue to rise, while fewer transactions are being completed. Bucharest remained much closer to last year’s level. The capital recorded 21,073 transactions, just 1.7% fewer than in the first half of 2025.
Differences between cities are becoming increasingly pronounced
Local developments show that the residential market is not moving in the same direction across all major cities.
In Bucharest, prices increased by 11.5%, while transactions declined by just 1.7%. In Timiș, prices rose by 10.4%, while the number of transactions increased by 2.9%. Sibiu recorded the largest increase in transactions among the markets analyzed, at 18.6%, while prices rose by 7.6%. At the opposite end of the spectrum, Cluj recorded a 16.1% decline in transactions, even as prices continued to rise, by 5.8%. In Constanța, transactions fell by 29.1%, while prices increased by 7.4%.
Cluj-Napoca remains the most expensive residential market among the cities analyzed, with an average price of €3,319/sq m, followed by Brașov and Bucharest.
“The Q2 data clearly show that we can no longer talk about Romania’s residential market as a single, homogeneous market. Prices continue to rise, but the pace of transactions varies significantly from one city to another. For buyers, investors and developers, local analysis is becoming far more important than the national average,” said Daniel Tudor, Founding Partner at The Concept.
