Zalău Real Estate Market Analysis – Q1/2024
During the first five months of 2024, the real estate market in Sălaj County demonstrated exceptional stability, remaining at the same level as the previous year. According to data from the National Agency for Cadastre and Real Estate Advertising (ANCPI), between January and May 2024, 340 individual units were sold in Sălaj, down from 350 in the previous year.
Sales history and transaction analysis
Analyzing the historical data published by ANCPI, it was observed that the highest number of individual units sold in Sălaj was in 2021, with a total of 1,011 transactions. However, the year with the fewest sales was 2019, with only 416 individual units sold.
In the last quarter of 2023, 266 transactions were recorded, representing a 5.6% increase compared to the same period in 2022, when 252 individual units were sold. In the first quarter of 2024, Sălaj County saw a slight increase of 3.5%, with 205 units sold compared to 198 in the previous year.
New Housing Deliveries in Zalău
In the city of Zalău, new housing deliveries increased significantly. In 2022, 254 homes were completed, compared to 206 in 2021, marking a 23% increase. Historical data published by the National Institute of Statistics (INS) shows that 2022 was the year with the highest number of completed homes in Zalău from 2018 to the present.
At the county level in Sălaj, the number of completed homes in 2022 was 545, marking an annual increase of 20%, equivalent to 91 homes.
The Evolution of Apartment Sale Prices in Zalău
The asking and transaction prices for apartments for sale in the city of Zalău have recorded a notable increase. According to data collected by ValorEasy, the average sale price of existing apartments in mid-2024 reached €900 per usable square meter, an increase of approximately 11.1% compared to the previous year.
Conclusions
The real estate market in Sălaj County continues to remain stable and attract investors and buyers. With a slight increase in transactions and a significant rise in prices in the city of Zalău, Sălaj County is maintaining an upward trend. New housing deliveries in Zalău and rising prices reflect steady demand and ongoing development in the region’s real estate sector.