Additionally, 16,376 homes were completed in Q3, down by 9.4% compared to the same period in 2023.
In the first nine months, approximately 56.6% of the homes were put into use in urban areas, while the rest were in rural areas.
The INS report shows that most homes were completed in the Bucharest-Ilfov region (12,015), followed by the North-West region (6,187) and the Center region (4,907)
Bucharest remains the leader on gross rental yields, while the overall prices in the residential market rose by 14% in 2024, according to a market study by The Concept.
KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project.
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.
Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.
Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase.
Speedwell Development has obtained the construction permits for the first 50 luxury villas in a new residential project in Corbeanca, near Bucharest, where it plans to invest €94 million.
INVL Baltic Sea Growth Fund has completed the purchase of Pehart Group, a producer of household and industrial paper products in Romania, from Abris Capital Partners.
E.ON Drive Infrastructure has officially inaugurated Romania's largest EV charging hub, located within the Vivo! Commercial Complex in Pitești.
Steel producer LIBERTY Galați has announced significant changes to its executive management team and board, aiming to consolidate operations and maximize production performance.
Haleon, the consumer health group, has announced the appointment of Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster, effective July.
Societe Generale Global Solution Centre (SG GSC) Romania has announced the appointment of Laurent Mirjol as its new CEO, replacing Philippe Gabulon.
