RE/MAX: Mortgage backed resi sales in Romania up in H1 2024

Business Forum

20 August, 2024 at 5:01 PM

Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.

Overall residential sales volumes were up 5%, while the value of traded properties gained 8% year-on-year. RE/MAX Romania said that the volume of residential rentals was down but did not mention any figure.

The most sought-after properties in the residential segment were 2-room apartments, followed by homes and apartments with more than three rooms.

Răzvan Cuc, RE/MAX Romania President, said that residential sales will continue to grow during H2 due to more favourable financing terms, with potential increases of prices in cities with high potential.

“Easier access to loans and the competitive offers of banks will play a crucial role in this evolution,” says RE/MAX Romania's President.

The biggest transactions brokered by the agency during H1 included an industrial project in Brașov (€2.1 million) and two lands for residential projects valued at €2 million and €1.5 million, respectively.

Park Properties attracts partner for luxury villas project near Bucharest

Romanian developer Park Properties has partnered with entrepreneur George Peltecu to develop Sunlake Snagov Signature Collection, a development of 22 lakeside villas with a private marina. The project will be built on a 15,000 sqm plot on Lake Snagov shores, with construction starting this spring.

Real estate

What the surge in technical services demand means for property investments in 2026

Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, talked to Property Forum about the expansion of design and ESG advisory services, the industrial and logistics sector's growth post-Schengen, and the importance of independent project management for tenant fit-outs. Ianculescu also emphasised the potential in secondary cities and the increasing relevance of aligning projects with sustainability standards.

Real estate

Romanian home sales stagnate as Bucharest market declines

Over 119,500 residential units were sold in Romania in the first nine months of 2025, a similar level with that recorded in the same period of 2024 (down only 0.3%), according to a market analysis by SVN Romania and based on official statistics of the National Agency for Cadastre and Land Registration.