The most expensive neighborhoods in Romania are Bucharest’s Kiseleff-Aviatorilor with a medium price of EUR 2,580/sqm according to imobiliare.ro. In fact, the first five most expensive neighborhoods are in Bucharest, with prices between EUR 1,720/sqm and EUR 2580/sqm, and only one from Cluj-Napoca, the ultracentral area, with EUR 1,720/sqm.
The most expensive neighborhoods in Bucharest, except Kiseleff-Aviatorilor, are Herastrau-Nordului with EUR 2,410/sqm, Dorobanti-Floreasca with EUR 1,990/sqm, Aviatiei with EUR 1,870/sqm and Unirii with EUR 1,720/sqm.
In Cluj-Napoca, where the average price demanded is the highest in Romania, the most expensive neighborhood is the Ultracentral area with a price of EUR 1,720/sqm, followed by Plopilor, with EUR 1,720/sqm, Gheorgheni and Andrei Muresanu, with EUR 1,600/sqm, Marasti, Intre Lacuri, Aurel Vlaicu, with EUR 1,560/sqm and Zorilor with EUR 1,540/sqm.
Finally, the other very important city in Romania, Timisoara, has as most expensive neighborhood Ultracentral, Medicina and Piata Unirii areas, with a price of EUR 1,490/sqm followed by Central, Balcescu, Take Ionescu and Piata Maria with EUR 1,260/sqm, Circumvalatiunii with EUR 1,220/sqm, and finally Complex Studentesc, Dacia, Elisabetin and Olimpia Stadion, with EUR 1,220/sqm.
The bargaining margin was in Q2 2018 around 4.3 percent in Bucharest, 3.6 percent in Cluj-Napoca and 2.6 percent in Timisoara.
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