Key information about House Prices Growth

• Romania house prices grew 7.0% YoY in Sep 2022, following an increase of 8.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2010 to Sep 2022, with an average growth rate of 3.0%.
• House price data reached an all-time high of 8.5% in Jun 2022 and a record low of -17.1% in Dec 2011.

CEIC calculates House Prices Growth from quarterly Residential Property Price Index. The National Institute of Statistics provides Residential Property Price Index with base 2015=100. House Prices Growth covers Residential Settlements only. House Prices Growth prior to Q1 2017 is calculated from Residential Property Price Index with base 2009=100.

Housing Index in Romania increased to 161.75 points in the first quarter of 2025 from 158.36 points in the fourth quarter of 2024. This dataset provides - Romania House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Residential Property Prices for Romania (QRON628BIS) from Q1 2009 to Q4 2024 about Romania, residential, HPI, housing, price index, indexes, and price.

Romania - House price index was 4.90% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - House price index - last updated from the EUROSTAT on July of 2025. Historically, Romania - House price index reached a record high of 8.50% in June of 2022 and a record low of -14.00% in December of 2011.

Residential property prices in Romania increased slightly in 2022, but when accounting for inflation, there was a decline in prices. The selling price of an apartment in the Central European country increased by four percent nominally. The inflation adjusted annual price change was negative 12.5 percent as of the fourth quarter of the year.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Typically, estate agents can earn income via fees and commissions charged to clients, which allows them to protect their operating profit margin from property price fluctuations. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated rise of 1.2% in 2025 to €207.6billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this have started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

The Romanian housing market has seen a remarkable shift over the past two decades, with the time required to purchase an apartment in Bucharest dropping significantly. In 2008, it took an average earner nearly 33 years to afford a home in the capital. Fast forward to 2024, and that timeframe has shrunk to just 5.6 years, marking a dramatic improvement in housing affordability for Bucharest residents. One room in Cluj or three in Arad? While Bucharest's housing market has become more accessible, other Romanian cities show varying degrees of affordability in their rental markets. Cluj-Napoca consistently ranks as one of the most expensive cities for renters, with one-room apartments averaging 400 euros per month and two-room apartments reaching 600 euros monthly as of October 2024. In contrast, Arad offers more budget-friendly options, with three-room apartments available for 448 euros per month on average. Homeownership high as always Despite the improving affordability in Bucharest, Romania maintains a high rate of homeownership. The country has historically seen owner-occupancy rates above 95 percent, though this figure slightly decreased to 94.8 percent in 2022 before rebounding to 95.6 percent in 2023. Interestingly, property price inflation has moderated in recent years. The House Price Index showed minimal growth of 0.5 percent in the second quarter of 2024 compared to the previous quarter, a stark contrast to the negative inflation rate of -2.6 percent observed in the third quarter of 2020. This stabilization in property prices may contribute to the sustained high levels of homeownership across the country.

The average transaction price of new housing in Europe was the highest in Norway, whereas existing homes were the most expensive in Austria. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, not all countries are included. To compile the ranking, the source weighed the transaction prices of residential properties in the most important cities in each country based on data from their national offices. For example, in Germany, the cities included were Munich, Hamburg, Frankfurt, and Berlin. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

House price index in Romania, December, 2024 The most recent value is 132.22 index points as of Q4 2024, an increase compared to the previous value of 130.54 index points. Historically, the average for Romania from Q1 2009 to Q4 2024 is 100.43 index points. The minimum of 80.33 index points was recorded in Q3 2014, while the maximum of 132.22 index points was reached in Q4 2024. | TheGlobalEconomy.com

Romania - Gross value added: Real estate activities was EUR6708.30 Million in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Gross value added: Real estate activities - last updated from the EUROSTAT on July of 2025. Historically, Romania - Gross value added: Real estate activities reached a record high of EUR6708.30 Million in March of 2025 and a record low of EUR4117.90 Million in June of 2020.

Source Code: Q:RO:R:628

Coverage includes all types of new and existing dwellings in the whole country. The series is deflated using CPI.

For more information, please see https://www.bis.org/statistics/pp_detailed.htm.

Any use of the series shall be cited as follows: "Sources: National sources, BIS Residential Property Price database, http://www.bis.org/statistics/pp.htm."

Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

Home Ownership Rate in Romania decreased to 94.30 percent in 2024 from 95.60 percent in 2023. This dataset provides the latest reported value for - Romania Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Romania RO: Price to Income Ratio: sa data was reported at 53.263 2015=100 in Dec 2024. This records a decrease from the previous number of 54.624 2015=100 for Sep 2024. Romania RO: Price to Income Ratio: sa data is updated quarterly, averaging 92.281 2015=100 from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 178.940 2015=100 in Mar 2009 and a record low of 53.263 2015=100 in Dec 2024. Romania RO: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Romania – Table RO.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

Nearly four out of ten respondents were of the opinion that real estate prices in the main cities in Romania would stay the same in 2021. However, ** percent of respondents expected real estate prices to decrease in the next 12 months.

Romania Price to Rent Ratio: sa data was reported at 105.906 2015=100 in Dec 2024. This records a decrease from the previous number of 108.438 2015=100 for Sep 2024. Romania Price to Rent Ratio: sa data is updated quarterly, averaging 111.883 2015=100 from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 140.668 2015=100 in Dec 2009 and a record low of 97.263 2015=100 in Jun 2014. Romania Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Romania – Table RO.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Quarterly. Nominal house prices divided by rent price indices

Romania - House price index, deflated was -1.60% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - House price index, deflated - last updated from the EUROSTAT on June of 2025. Historically, Romania - House price index, deflated reached a record high of 7.50% in September of 2016 and a record low of -19.50% in December of 2010.

Romania RO: House Price Index: Real: sa data was reported at 95.190 2015=100 in Dec 2024. This records a decrease from the previous number of 98.564 2015=100 for Sep 2024. Romania RO: House Price Index: Real: sa data is updated quarterly, averaging 107.088 2015=100 from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 164.040 2015=100 in Mar 2009 and a record low of 95.190 2015=100 in Dec 2024. Romania RO: House Price Index: Real: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Romania – Table RO.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Quarterly. Nominal house prices deflated using the private consumption deflator from the national account statistics. More information on the nominal house prices are available on the nominal house price indicators selection.

Romania E-Commerce Transactions: Value: Business & Consumer Services: Real Estate data was reported at 12.071 USD in 16 Aug 2024. This records a decrease from the previous number of 12.098 USD for 14 Aug 2024. Romania E-Commerce Transactions: Value: Business & Consumer Services: Real Estate data is updated daily, averaging 12.454 USD from Jan 2019 (Median) to 16 Aug 2024, with 334 observations. The data reached an all-time high of 74.184 USD in 15 Apr 2023 and a record low of 7.966 USD in 11 Oct 2022. Romania E-Commerce Transactions: Value: Business & Consumer Services: Real Estate data remains active status in CEIC and is reported by Grips Intelligence Inc.. The data is categorized under Global Database’s Romania – Table RO.GI.EC: E-Commerce Transactions: by Category.

Context

As a Computer Science student willing to continue its studies in Bucharest, I decided to take a look at what the real estate market has to offer in this city. The main focus was to gather some data on the rental prices, since I didn't intend to buy a house any sooner (something way too expensive for me at the moment haha). However, out of curiosity, I tried to take a peek at house prices, so there is some data on that part too.

Content

The data contains different details extracted from renting house advertisements, like location area, house comfort, number of rooms, construction year etc. All of the information has been collected during September 2020, for Bucharest, RO.

Acknowledgements

All the data has been collected from www.imobiliare.ro thanks to a personal small Node.js application which I carefully constructed so that it would not harm the platform's server with too many requests at a time (also the reason why the entire data collecting process has taken a ridiculously long time).

Data Rights

This dataset was originally intended just for personal use, and maybe for some university personal projects. In case you need to use this data for any kind of research, let me know. Since all the data was made publicly available through advertisements, and no sensitive data has been taken, there should not be problems regarding data rights, as long as imobiliare.ro is recognized as the original data creator.

The house price index in Romania peaked in the fourth quarter of 2024 at 158.36. It increased by roughly six percent since the same quarter of the previous year.