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Knowsy PulseENRO

The Knowsy Index — Romania's home prices

November 2026

€1,535/m²

Listing-weighted national average for apartments — 165 cities, ~11,607 observed listings (asking prices).

Map →

€/m² by county

Prices by city (RO) →

165 cities · €479–3,272/m²

#1 Cluj-Napoca · €3,272/m²

Press release →

November 2026

€1,535/m² national

RO-HMI · Market intensity

Are people buying more, or less? 50 = neutral

provisional · beta

What it shows. How busy the housing market is right now compared with normal. 50 is an ordinary month. Above 58, people are buying more than usual; below 42, less.

What goes into it. Four things measured every month: how many homes were actually sold (ANCPI), how many buyers contacted sellers (Storia and OLX), how much mortgage credit banks gave and at what rate (BNR), and how fast the prices actually paid are rising (INS).

How to read it. The range under the number says how sure the reading is: narrow means solid, wide means take the number as a hint. It measures activity, not prices, and it is not investment advice.

50

58

sideways / mixed

0 · down100 · up

confidence 14/100 · 90% band 15–92

Completed purchases+0.4
Buyer funnel-1.2
Mortgage credit+0.4
Price pressure+1.9

The index over time

02550751002011201320152017201920212023202558

Prices actually paid, change vs a year earlier (INS)

+14%−14%

Dashed: reconstructed month by month from the sources' own published histories (ANCPI units sold, Storia/OLX buyer contacts from Nov 2023, BNR credit, INS prices) — the same formula, only the inputs that existed for that month; the shaded band is the 90% range. Solid: the index as published, recorded monthly from October 2026.

e-Terra (ANCPI) cyber incident: no clean sales series after 2026-06. Scores are a provisional nowcast — the completed-sales anchor still carries ≥35% of the weight, so more real buying always moves this up, less always down.

Counties — vs the national market

3-month completed-sales momentum vs Romania's (the shared seasonality cancels), shrunk toward the country by sample size. Above 58 = hotter than the national market, below 42 = colder.

No score currently reaches the methodology's official publication threshold (confidence ≥ 40) — read the ranges under each score, not the score alone.

Tulcea*74 ▲24–96
Timiș72 →22–96
Prahova69 →20–95
Ilfov68 →19–95
Mureș62 →15–94
Constanța62 →15–94
Iași62 →15–94
Sibiu60 →14–93
București59 →14–93
Călărași*59 →13–93
Buzău58 →13–93
Harghita55 →12–92
Giurgiu*54 →11–92
Botoșani50 →10–90
Maramureș50 →10–90
Neamț48 →9–90
Ialomița*48 →9–89
Dolj48 →9–89
Arad47 →9–89
Cluj47 →9–89
Mehedinți47 →9–89
Bihor46 →9–89
Satu Mare44 →8–88
Bistrița-Năsăud43 →7–87
Vrancea*41 →7–86
Olt*40 →7–86
Galați39 →6–85
Brăila37 →6–85
Hunedoara37 →6–84
Covasna*37 →6–84
Caraș-Severin36 →6–84
Suceava35 →6–83
Dâmbovița35 →6–83
Gorj35 →5–83
Alba35 →5–83
Vaslui*32 →5–82
Brașov30 →5–80
Sălaj*29 →4–79
Bacău29 →4–79
Vâlcea27 →4–77
Argeș23 ▼3–73

Excluded: Teleorman (with its seat Alexandria) — unreliable ANCPI series (implausibly low volume)

County-seat cities

ANCPI publishes a dedicated sales series only for county seats — other towns would be fabricated granularity, so they inherit their county's reading instead.

Timișoara95 ▲67–99
Miercurea Ciuc79 ▲28–97
Ploiești79 ▲28–97
Popești-Leordeni72 →21–96
Tulcea69 →19–96
Suceava67 →17–95
Sibiu67 →17–95
Târgu Mureș64 →16–95
Constanța61 →14–94
Iași59 →13–93
Buzău59 →13–93
Călărași*52 →10–91
Baia Mare50 →9–91
Bistrița49 →9–90
Craiova49 →9–90
Oradea45 →8–89
Deva42 →7–87
Giurgiu*41 →7–87
Arad41 →7–87
Satu Mare40 →6–87
Piatra-Neamț39 →6–86
Târgu Jiu38 →6–86
Bacău35 →5–84
Cluj-Napoca34 →5–83
Botoșani32 →5–82
Galați32 →5–82
Slobozia*32 →5–82
Zalău31 →5–81
Reșița31 →4–81
Brăila31 →4–81
Drobeta-Turnu Severin30 →4–81
Slatina*28 →4–79
Alba Iulia23 ▼3–74
Brașov22 ▼3–73
Focșani21 ▼3–73
Târgoviște19 ▼2–70
Vaslui*17 ▼2–66
Sfântu Gheorghe*16 ▼2–65
Râmnicu Vâlcea10 ▼1–52
Pitești5 ▼1–36

Excluded: Alexandria — seat of Teleorman, unreliable ANCPI series (implausibly low volume). A seat's reading is only as sound as its county's series; nothing else on this page depends on it.

Bucharest sectors

Sectorul 186 ▲40–98
Sectorul 275 ▲24–97
Sectorul 347 →9–90
Sectorul 634 →5–83
Sectorul 530 →4–81
Sectorul 422 ▼3–73

National components: ANCPI iun 2026: 13.460 unități individuale vândute, +5,1% a/a · Storia/OLX aug 2026: contacte de cumpărători −20,0% a/a · BNR (via BCE) aug 2026: stoc credit locativ 121,9 mld lei, +6,1% a/a · BNR: dobânda creditelor noi în lei 5,65% vs 5,81% a/a · INS/Eurostat HPI 2026 T2: +12,1% a/a (nominal). Supply and macro components: no monthly source yet; their absence lowers the confidence shown.

* = small sample, reading pulled toward its parent geography (city/sector → its county, county → the national reading). Methodology: RO-HMI v0.1 (weighted signal groups, empirical-Bayes shrinkage, logistic 0–100, persistent 3-state regime filter). An activity index, not a price forecast and not investment advice.

Main cities

1Cluj-NapocaCluj · n=218 · houses €2,958€3,272/m²
2VoluntariIlfov · n=216 · houses €2,804€2,851/m²
3Dumbrăvița (TM)Timiș · n=146 · houses €2,144€2,328/m²
4BrașovBrașov · n=215 · houses €2,167€2,300/m²
5BucureștiBucurești · n=219 · houses €2,162€2,262/m²
6SinaiaPrahova · n=77 · houses €1,240€2,188/m²
7CraiovaDolj · n=213 · houses €1,624€2,150/m²
8CisnădieSibiu · n=146 · houses €1,746€2,033/m²
9NăvodariConstanța · n=140 · houses €1,402€2,017/m²
10SibiuSibiu · n=219 · houses €1,921€2,014/m²
11Florești (CJ)Cluj · n=207 · houses €2,043€2,000/m²
12ConstanțaConstanța · n=218 · houses €1,915€2,000/m²
13OtopeniIlfov · n=146 · houses €1,913€1,996/m²
14IașiIași · n=207 · houses €1,747€1,990/m²
15GirocTimiș · n=219 · houses €1,917€1,979/m²
16Târgu MureșMureș · n=146 · houses €1,771€1,950/m²
17TimișoaraTimiș · n=219 · houses €1,750€1,948/m²
18OradeaBihor · n=218 · houses €1,625€1,851/m²
19PredealBrașov · n=69 · houses €920€1,827/m²
20Miercurea CiucHarghita · n=9€1,783/m²

Most expensive

Cluj-NapocaCluj · n=218 · houses €2,958€3,272/m²
VoluntariIlfov · n=216 · houses €2,804€2,851/m²
Dumbrăvița (TM)Timiș · n=146 · houses €2,144€2,328/m²
BrașovBrașov · n=215 · houses €2,167€2,300/m²
BucureștiBucurești · n=219 · houses €2,162€2,262/m²

Most affordable

VulcanHunedoara · n=25€479/m²
Moldova NouăCaraș-Severin · n=10€573/m²
LupeniHunedoara · n=21€579/m²
OravițaCaraș-Severin · n=19€590/m²
BocșaCaraș-Severin · n=9€590/m²

By county

Cluj€3,272
Brașov€2,300
București€2,262
Dolj€2,150
Sibiu€2,014
Constanța€2,000
Iași€1,990
Mureș€1,950
Timiș€1,948
Ilfov€1,893
Bihor€1,851
Harghita€1,783
Argeș€1,633
Gorj€1,600
Alba€1,540
Maramureș€1,526
Suceava€1,506
Vâlcea€1,438
Buzău€1,426
Bistrița-Năsăud€1,424
Olt€1,418
Prahova€1,361
Dâmbovița€1,360
Covasna€1,331
Hunedoara€1,311
Sălaj€1,296
Botoșani€1,286
Arad€1,278
Tulcea€1,275
Satu Mare€1,250
Bacău€1,211
Mehedinți€1,211
Ialomița€1,207
Călărași€1,200
Vaslui€1,178
Vrancea€1,140
Neamț€1,132
Teleorman€1,099
Giurgiu€1,087
Brăila€1,041
Galați€1,013
Caraș-Severin€952

County seat / county benchmark, apartments €/m².

Methodology & citation

Sources: Storia listing medians with sample sizes (n), published city indices (Imobiliare.ro), Blitz.ro portfolio averages, SonarHome — asking prices, useful-area basis for apartments, built-area for houses. Cities enter rankings only with a published index or n ≥ 8. The national figure is listing-weighted. Asking prices typically close 4–7% under ask. This is a market indicator, not an official (ANEVAR/INS) statistic.

Cite freely with attribution

"Knowsy Index, November 2026" — myknowsy.com/pulse

Data API: GET /api/pulse · press: f.robert@generaldynamics.org.uk

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