Housing Index in Romania increased to 158.36 points in the fourth quarter of 2024 from 155.86 points in the third quarter of 2024. This dataset provides - Romania House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

Graph and download economic data for Real Residential Property Prices for Romania (QROR628BIS) from Q1 2009 to Q4 2024 about Romania, residential, HPI, housing, real, price index, indexes, and price.

Residential Property Prices in Romania increased 3.90 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Romania Residential Property Prices.

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.

Romania - House price index was 3.90% 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 - last updated from the EUROSTAT on June 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.

Real residential property prices Y-on-Y, percent change in Romania, December, 2024 The most recent value is -0.98 percent as of Q4 2024, an increase compared to the previous value of -0.99 percent. Historically, the average for Romania from Q1 2010 to Q4 2024 is -2.69 percent. The minimum of -18.6 percent was recorded in Q4 2010, while the maximum of 9.74 percent was reached in Q2 2016. | TheGlobalEconomy.com

Graph and download economic data for Real Residential Property Prices for Romania (QROR368BIS) from Q1 2010 to Q4 2024 about Romania, residential, housing, real, and price.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Romania (CP0410ROM086NEST) from Dec 2000 to Apr 2025 about Romania, harmonized, rent, CPI, housing, price index, indexes, and price.

Romania - Severe housing deprivation rate: Tenant, rent at market price was 1.80% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on May of 2025. Historically, Romania - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 53.00% in December of 2015 and a record low of 1.80% in December of 2023.

Romania - Harmonised index of consumer prices (HICP): Actual rentals for housing was 151.64 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Harmonised index of consumer prices (HICP): Actual rentals for housing - last updated from the EUROSTAT on May of 2025. Historically, Romania - Harmonised index of consumer prices (HICP): Actual rentals for housing reached a record high of 151.64 points in March of 2025 and a record low of 18.98 points in December of 2000.

RO: House Price Index: Real: sa data was reported at 117.021 2015=100 in Jun 2021. This records an increase from the previous number of 108.887 2015=100 for Mar 2021. RO: House Price Index: Real: sa data is updated quarterly, averaging 107.949 2015=100 from Mar 2009 to Jun 2021, with 50 observations. The data reached an all-time high of 160.568 2015=100 in Mar 2009 and a record low of 96.695 2015=100 in Jun 2014. 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.

Graph and download economic data for Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for Romania (CP0400ROM086NEST) from Jan 1996 to Apr 2025 about Romania, water, fuels, electricity, harmonized, gas, CPI, housing, price index, indexes, and price.

Graph and download economic data for Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for Romania (CP0444ROM086NEST) from Dec 2016 to Apr 2025 about Romania, harmonized, services, CPI, housing, price index, indexes, and price.

Romania - Harmonised index of consumer prices (HICP): Overall index excluding housing, water, electricity, gas and other fuels was 153.54 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Harmonised index of consumer prices (HICP): Overall index excluding housing, water, electricity, gas and other fuels - last updated from the EUROSTAT on May of 2025. Historically, Romania - Harmonised index of consumer prices (HICP): Overall index excluding housing, water, electricity, gas and other fuels reached a record high of 153.54 points in March of 2025 and a record low of 36.90 points in December of 2000.

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, 27 percent of respondents expected real estate prices to decrease in the next 12 months.

Hardware and home improvement stores’ revenue is forecast to rise at a compound annual rate of 1.4% over the five years through 2024 to reach €155.8 billion. Private spending on home renovation and maintenance, construction activity, environmental awareness and the number of households each play their part in determining sales. The EU and the UK enjoyed a housing market boom prior to 2023, when soaring mortgage rates deterred many from buying a new house. While demand for outfitting new houses is down, more Europeans are turning to repair, maintenance and renovation work on their existing properties, helping to raise sales of hardware and home improvement products. This trend accelerated during the COVID-19 pandemic, as people confined to their homes looked to refresh their surroundings and found themselves with more time to dedicate to DIY projects. Hardware and home improvement stores were deemed by many governments as essential businesses, allowing them to remain open during the lockdowns. In 2024, revenue growth is expected to be constrained by the cost-of-living crisis. Shoppers are increasingly price-sensitive and many are thinking twice before spending in response to intense inflationary pressures, cutting sales for many hardware and home improvement stores. Price inflation is expected to outweigh falling sales volumes, leading to revenue growth of 1% in 2024. Over the five years through 2029, hardware and home improvement stores’ revenue is slated to climb at a compound annual rate of 1.5% to reach €168 billion. Ever-growing levels of environmental awareness among Europeans will drive strong demand for sustainably sourced and energy-efficient products, like reclaimed wood and lithium-ion battery-powered hand tools. Competition from online-only retailers will continue to heat up, forcing hardware and home improvement stores to expand their in-store offerings to attract customers – augmented reality stations where shoppers can visualise their new products in their homes are one way retailers can try to do this.

The size of the Europe Office Real Estate Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.00">> 4.00% during the forecast period. The Europe office real estate market refers to the segment of the property market focused on the development, leasing, and sale of office spaces across European countries. This market includes a wide range of properties, from high-rise office buildings in major cities to smaller office spaces in suburban areas. The demand for office real estate is influenced by various factors, including economic growth, corporate expansion, and trends in workforce dynamics. In recent years, the rise of hybrid and remote working models has reshaped the office real estate landscape, leading to a greater focus on flexible workspaces, coworking spaces, and adaptable office layouts that accommodate changing business needs. Key markets for office real estate in Europe include major business hubs such as London, Paris, Frankfurt, and Amsterdam, where demand is driven by multinational corporations, financial institutions, and tech companies. These cities tend to have higher rental rates and more competitive markets due to the concentration of businesses and economic activity. Secondary cities and regional markets are also growing, offering more affordable office space and appealing to companies looking to decentralize or relocate to less expensive areas. Recent developments include: May 2023: CBRE Group, Inc. announced that its property management group has formed a global strategic partnership with Deepki that will bring Deepki Ready, one of the world's most extensive landlord-focused real estate sustainability data intelligence platforms to the commercial properties CBRE manages for investors around the world. CBRE has been using Deepki for properties it manages in the United Kingdom for more than two years; Deepki is now being deployed across CBRE-managed properties throughout Continental Europe, with plans to begin using Deepki in the Americas and the Pacific region as the next step in a global rollout., April 2023: Global real estate professional services firm JLL and iO Partners announce that JLL will transfer its existing Leasing, Capital Markets, Valuation Advisory, Consulting, and Project Management delivery businesses to iO Partners in the Czech Republic, Hungary, Romania, and Slovakia. The two companies have formed a preferred partnership enabling them to service clients in the Czech Republic, Hungary, Romania and Slovakia. The agreement will give iO Partners a strong presence in these four countries with experienced employees, efficient systems and processes, and a strong ongoing partnership with JLL.. Key drivers for this market are: Economic Growth, Urbanization and Urban Renewal; Foreign Investments in the Sector. Potential restraints include: The Uncertainty Surrounding Brexit. Notable trends are: Offices Remain a Core Sector.

After three years of growth, purchases abroad of bearing housings incorporating ball or roller bearings decreased by -6.5% to 371 tons in 2023.