What are housing prices like in Romania right now? (2026)

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A team specialized in real estate investing in European countries

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Romania. If you’d like to learn more about us, you can check our presentation page.

What is the average housing price in Romania in 2026?

The median housing price in Romania in 2026 is often more useful than the average because the median shows the middle of the market, while the average is pushed up by expensive homes in Bucharest, Cluj-Napoca and prime neighborhoods.

We are writing this as of 2026, using the latest June 2026 data collected from authoritative sources that we manually double checked.

As of June 2026, the median housing price in Romania is about RON 590,000, which is roughly $130,000 and €113,000, while the average housing price in Romania is about RON 717,000, which is roughly $158,000 and €137,000.

A realistic price range for about 80% of residential properties in Romania in 2026 is from about RON 236,000 to RON 2,357,000, which is roughly $52,000 to $520,000 and €45,000 to €450,000.

A realistic entry range in Romania in 2026 is about RON 183,000 to RON 367,000, or about $40,000 to $81,000 and €35,000 to €70,000, which can buy an older 30 to 45 sq m studio or small one-bedroom apartment in cities such as Ploiești, Galați, Bacău, Arad, or an outer area of Iași.

A realistic luxury property range in Romania in 2026 is about RON 3.4 million to RON 10.5 million, or about $751,000 to $2.31 million and €650,000 to €2 million, which can buy a renovated 120 to 200 sq m apartment in Primăverii, Aviatorilor, Herăstrău, Floreasca or Dorobanți in Bucharest, or a high-end villa in Pipera, Iancu Nicolae or premium Cluj-Napoca areas.

By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Romania.

Are Romania property listing prices close to the actual sale price in 2026?

In Romania in 2026, we estimate that actual sale prices are usually 3% to 6% below listing prices, with a central estimate of about 4.5% below the advertised price.

This happens because many Romanian sellers still leave room for negotiation, especially for older apartments, homes needing renovation and listings that have been online for a long time. The gap is smaller for well-priced apartments near metro stations, universities, parks and business districts, and it is also smaller for many new-build homes where the developer may offer parking or finishing upgrades instead of a visible discount.

What is the price per sq m or per sq ft for properties in Romania in 2026?

As of 2026, the median residential price in Romania is about RON 9,073 per sq m, or about $2,002 and €1,732 per sq m, which is about RON 843 per sq ft, or $186 and €161 per sq ft. The average residential price in Romania is about RON 9,953 per sq m, or about $2,196 and €1,900 per sq m, which is about RON 925 per sq ft, or $204 and €177 per sq ft.

The highest price per sq m in Romania in 2026 is usually found in small renovated apartments in central or semi-central areas, while the lowest price per sq m is usually found in large older homes, peripheral districts, smaller towns and properties needing heavy renovation.

The highest price per sq m in Romania is usually in prime Bucharest areas such as Primăverii, Aviatorilor, Herăstrău, Floreasca and Dorobanți, where prices can range from about RON 18,000 to RON 34,000 or more per sq m. Lower price ranges are found in cheaper secondary cities, rural areas and outer districts such as parts of Rahova, Berceni, Militari or Colentina, where many homes sit closer to RON 5,800 to RON 10,500 per sq m.

How have property prices evolved in Romania?

Compared with one year ago, residential property prices in Romania in 2026 are up by about 9% to 12% in nominal terms, with a central estimate of about 10.5%. The main reasons are tight supply in the strongest cities, higher construction costs, VAT changes and steady demand in Bucharest, Cluj-Napoca, Brașov, Iași and Timișoara.

Compared with two years ago, residential property prices in Romania in 2026 are also clearly higher, especially in large cities where salaries, rents and buyer competition increased. The increase is less impressive after inflation, but most good homes in strong urban locations still became more expensive in real life for local buyers.

By the way, we’ve written a blog article detailing the latest updates on property price variations in Romania.

Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Romania.

How do prices vary by housing type in Romania in 2026?

In Romania in 2026, we estimate that existing apartments make up about 52% of the active residential market, new-build apartments about 23%, houses and townhouses about 14%, villas and premium houses about 4%, studios about 5%, and other small residential stock about 2%, because Romanian cities are still strongly apartment-based.

As of 2026, a studio in Romania averages about RON 340,500, or $75,100 and €65,000, while a one-bedroom apartment averages about RON 497,700, or $109,800 and €95,000. A two-bedroom apartment is around RON 681,000, or $150,300 and €130,000, a three-bedroom apartment is around RON 969,000, or $213,900 and €185,000, a house or townhouse is around RON 1.26 million, or $277,400 and €240,000, and a villa or luxury home is around RON 3.67 million, or $809,200 and €700,000.

If you want to know more, you should read our dedicated analyses:

• How much should you pay for a house in Romania?
• How much should you pay for lands in Romania?

How do property prices compare between existing and new homes in Romania in 2026?

In Romania in 2026, new-build apartments are usually about 0% to 10% more expensive than older apartments, with a practical national estimate of about a 5% new-build premium.

This premium stays limited because many older Romanian apartments are in better locations, so an old central renovated apartment in Bucharest or Iași can cost 10% to 25% more than a new apartment in an outer project.

How do property prices vary by neighborhood in Romania in 2026?

Floreasca and Dorobanți in Bucharest are premium lifestyle areas with renovated apartments, newer luxury flats and strong rental demand from professionals and expats. As of 2026, a typical home there can range from about RON 1.3 million to RON 4.2 million, or roughly $289,000 to $925,000 and €250,000 to €800,000, because buyers pay for restaurants, offices, parks and central access.

Herăstrău and Aviatorilor in Bucharest are luxury expat areas with large apartments, penthouses and family flats close to the park, embassies and the northern business district. As of 2026, a typical home there can range from about RON 2.1 million to RON 6.3 million, or roughly $462,000 to $1.39 million and €400,000 to €1.2 million, because supply is limited and the location is one of the most desirable in Romania.

Andrei Mureșanu and central Cluj-Napoca are premium family and IT-worker areas with apartments, villas and small residential buildings. As of 2026, a typical home there can range from about RON 1.3 million to RON 4.2 million, or roughly $289,000 to $925,000 and €250,000 to €800,000, because Cluj has high incomes, universities, tech jobs and limited central supply.

You will find a much more detailed analysis by areas in our property pack about Romania. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:

Area in Romania	Market label	Typical home price	Typical price per sq m	Typical price per sq ft
Primăverii, Bucharest	Ultra-luxury	RON 3.4m to 10.5m $751k to $2.31m	RON 26k to 39k $5.8k to $8.6k	RON 2,430 to 3,660 $540 to $800
Aviatorilor / Herăstrău, Bucharest	Luxury expat	RON 2.1m to 6.3m $462k to $1.39m	RON 21k to 34k $4.6k to $7.5k	RON 1,950 to 3,160 $430 to $700
Floreasca / Dorobanți, Bucharest	Premium lifestyle	RON 1.3m to 4.2m $289k to $925k	RON 18k to 29k $4.0k to $6.4k	RON 1,680 to 2,720 $370 to $595
Pipera / Iancu Nicolae, Bucharest	International schools	RON 1.0m to 4.7m $231k to $1.04m	RON 13k to 23k $2.9k to $5.1k	RON 1,210 to 2,160 $265 to $470
Cluj-Napoca Center	IT and student premium	RON 1.0m to 3.1m $231k to $694k	RON 15k to 20k $3.3k to $4.4k	RON 1,450 to 1,850 $305 to $410
Andrei Mureșanu, Cluj	Family premium	RON 1.3m to 4.2m $289k to $925k	RON 15k to 21k $3.3k to $4.6k	RON 1,400 to 1,950 $305 to $430
Tractorul, Brașov	New-build family	RON 681k to 1.8m $150k to $405k	RON 10k to 14k $2.2k to $3.1k	RON 930 to 1,300 $205 to $285
Giroc, Timișoara area	Suburban value	RON 576k to 1.6m $127k to $347k	RON 7.5k to 11k $1.7k to $2.4k	RON 700 to 1,020 $155 to $225
Copou, Iași	University premium	RON 733k to 2.1m $162k to $462k	RON 10k to 14k $2.2k to $3.1k	RON 930 to 1,300 $205 to $285
Tomis Nord, Constanța	Coastal urban	RON 576k to 1.6m $127k to $347k	RON 8.5k to 12k $1.9k to $2.6k	RON 790 to 1,115 $175 to $245
Militari, Bucharest	Budget commute	RON 471k to 1.1m $104k to $243k	RON 8k to 11k $1.8k to $2.4k	RON 745 to 1,020 $165 to $225
Rahova / Berceni, Bucharest	Entry-level	RON 393k to 995k $87k to $220k	RON 7k to 10.5k $1.5k to $2.3k	RON 650 to 975 $145 to $215

How much more do you pay for properties in Romania when you include renovation work, taxes, and fees?

In Romania in 2026, a buyer should usually budget about 3% to 12% extra on top of the purchase price for a normal resale property, and more if VAT applies to a new-build property and is not already included in the price.

For a property bought around $200,000, or about RON 906,000, a realistic extra cost could be around $6,000 to $24,000, or about RON 27,000 to RON 109,000. This means the total cost may end up around $206,000 to $224,000, or about RON 933,000 to RON 1.02 million, before any major renovation.

For a property bought around $500,000, or about RON 2.27 million, a realistic extra cost could be around $15,000 to $60,000, or about RON 68,000 to RON 272,000. This means the total cost may end up around $515,000 to $560,000, or about RON 2.33 million to RON 2.54 million, depending on agency fees, legal checks and renovation needs.

For a property bought around $1,000,000, or about RON 4.53 million, a realistic extra cost could be around $30,000 to $120,000, or about RON 136,000 to RON 544,000. At this level, buyers often spend more on legal checks, technical inspections, furniture, premium finishes and renovation quality.

By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Romania.

Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Romania

Extra cost	Type	Estimated cost range in Romania in 2026
Notary fee	Fees	Usually about 0.5% to 1.5% of the property price. On a RON 906,000 property, this can be roughly RON 4,500 to RON 13,600, or about $1,000 to $3,000. The exact fee depends on the value and the notary calculation.
Land Book registration	Fees	Often around 0.15% for individuals. On a RON 906,000 property, this is roughly RON 1,400, or about $300. This is a small cost, but it should still be included in the buying budget.
Legal due diligence	Professional fee	A simple legal review may cost about RON 2,600 to RON 10,500, or about $580 to $2,300. A higher-value property, a company seller, a land issue or an unfinished building can make the legal work more expensive.
Agency fee	Brokerage	The agency fee can be 0% to 3%, and around 2% is common when a buyer-side commission is charged. On a RON 906,000 property, 2% is about RON 18,100, or about $4,000. Always check whether VAT is added to the commission.
Light renovation	Renovation	A light refresh can cost about RON 786 to RON 1,572 per sq m, or about $173 to $347 per sq m. This may cover repainting, small repairs, basic lighting, minor bathroom work and simple furniture updates.
Full renovation	Renovation	A full renovation can cost about RON 2,095 to RON 4,191 per sq m, or about $462 to $925 per sq m. This may include plumbing, wiring, flooring, bathrooms, kitchen, insulation and better finishes.
Furniture and appliances	Fit-out	A normal furniture and appliance budget can range from about RON 26,000 to RON 131,000, or about $5,800 to $28,900. The lower end is basic, while the higher end fits a larger apartment or a stronger rental standard.
VAT on new property	Tax	VAT is often already included in developer prices, but buyers must check this before signing. Depending on the case, VAT can be 9% under transitional rules or 21% as the standard rate. This can change the total cost a lot if the price was quoted without VAT.
Immediate repairs reserve	Safety buffer	A practical reserve is 2% to 5% of the purchase price. On a RON 906,000 property, this means about RON 18,000 to RON 45,000, or about $4,000 to $10,000. This reserve is useful for urgent repairs after handover.

We made this infographic to show you how property prices in Romania compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.

What properties can you buy in Romania in 2026 with different budgets?

With $100,000 in Romania in 2026, or about RON 453,000 and €86,500, you can usually buy an existing 35 to 40 sq m studio in Berceni or Militari in Bucharest, an existing 45 to 50 sq m one-bedroom apartment in Ploiești or Galați, or an older 40 to 50 sq m apartment in outer Iași or Timișoara.

With $200,000 in Romania in 2026, or about RON 906,000 and €173,000, you can usually buy an existing 60 to 70 sq m two-bedroom apartment in Drumul Taberei or Titan in Bucharest, a new 55 to 65 sq m apartment in Tractorul in Brașov, or an existing 70 to 80 sq m apartment in a good but not ultra-central part of Timișoara.

With $300,000 in Romania in 2026, or about RON 1.36 million and €260,000, you can usually buy a renovated 70 to 80 sq m apartment in Floreasca or semi-central Bucharest, an existing 75 to 90 sq m apartment in Mănăștur, Zorilor or Bună Ziua in Cluj-Napoca, or a new or nearly new townhouse near Timișoara, Brașov or Iași.

With $500,000 in Romania in 2026, or about RON 2.27 million and €433,000, you can usually buy a premium 90 to 120 sq m apartment in Herăstrău, Floreasca or Dorobanți in Bucharest, a large 100 to 130 sq m apartment in central or semi-central Cluj-Napoca, or a family house in Pipera, Corbeanca, the Brașov outskirts or the Timișoara suburbs.

With $1,000,000 in Romania in 2026, or about RON 4.53 million and €865,000, you can usually buy a luxury 120 to 180 sq m apartment in Aviatorilor, Herăstrău, Primăverii or Floreasca in Bucharest, a high-end villa in Iancu Nicolae or Pipera, or a premium villa in Andrei Mureșanu or another high-end Cluj-Napoca area.

With $2,000,000 in Romania in 2026, or about RON 9.06 million and €1.73 million, there is a real market, but it is a niche market where buyers are usually looking at a large luxury apartment or penthouse in Primăverii, Aviatorilor or Herăstrău, a large villa with land in Iancu Nicolae, Pipera or Corbeanca, or a top-end villa in Cluj-Napoca, Brașov or a premium lifestyle location.

If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Romania.

What sources have we used to write this blog article?

Whether it’s in our blog articles or the market analyses included in our property pack about Romania, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.

We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.

Source used	Why this source is useful	How we used it
National Bank of Romania exchange rates	The National Bank of Romania is Romania’s central bank, so it is the strongest public source for official RON exchange rates.	We used it to convert euro-denominated housing prices into Romanian lei and US dollars. We used early June 2026 reference rates because the article is written as of June 2026.
ANCPI May 2026 statistics	ANCPI is Romania’s national cadastre and land-registration agency, so it is the official source for registered property-market activity.	We used it to understand transaction activity, not just listing activity. We also used it as a reality check when estimating the gap between advertised prices and final sale prices.
ANCPI January-May 2026 evolution	This official monthly page helps show whether Romania’s property market was active or slowing in 2026.	We used it to cross-check the market direction in the first five months of 2026. We used it mainly for transaction-volume context, not for price-per-sq-m estimates.
Eurostat housing price statistics	Eurostat publishes harmonized European house-price statistics based on transaction-price indices.	We used it to measure how Romanian house prices changed over time. We relied on it especially for one-year and longer-term comparisons.
BIS residential property price statistics	The Bank for International Settlements aggregates residential property price series used by central banks and researchers.	We used it as a second check on Romania’s national price-index trend. We used it to avoid relying only on private real-estate portals.
Imobiliare.ro price index	Imobiliare.ro is one of Romania’s largest real-estate portals and has a long-running residential asking-price index.	We used its May 2026 national apartment asking-price figure as the current market anchor. We adjusted it downward for the broader residential market because houses and smaller-city homes are often cheaper than big-city apartments.
Harta Prețurilor Romania price map	Harta Prețurilor aggregates public listing data and helps compare city-level price ranges in Romania.	We used it to cross-check city-level price ranges and national listing medians. We treated it as a private listing-data source, not as an official transaction source.
Storia / OLX May 2026 analysis	Storia is a major Romanian property platform owned by OLX Group, and the article clearly cites May 2026 asking-price analysis.	We used it to estimate the new-versus-old apartment price gap. We also used it to explain why older apartments can be more expensive in central locations.
Global Property Guide Romania price history	Global Property Guide is an international real-estate data publisher that tracks Romania using public and market sources.	We used it as a cross-check, not as the main source. We used it to compare our price-growth estimate with reported 2025-2026 market momentum.
EY Romanian tax changes	EY is a major tax advisory firm and summarizes Romania’s official fiscal-law changes in a readable way.	We used it to understand the VAT change affecting new residential property. We used it to estimate how VAT can affect the buyer’s total cost when VAT is not already included.
National Bank of Romania market data	The National Bank of Romania publishes macroeconomic and financial data that help explain buyer costs, inflation and currency movement.	We used it for the broader economic context around Romanian housing affordability. We also used it to check that currency conversions were consistent with official rates.
National Institute of Statistics Romania	Romania’s National Institute of Statistics is the official source for many national economic indicators, including inflation and demographic data.	We used it as background for inflation and household-cost context. We did not use it as the main source for live housing prices.