The Romanian residential real estate market experienced a slowdown in Q1 2025, with sales decreasing both in Bucharest and nationwide, according to a recent analysis by SVN Romania.
Bucharest is bracing for another year of low residential deliveries, mirroring the trend observed in 2024. Approximately 18,000 new homes are expected to be completed in Bucharest and its surrounding areas in 2025, according to a report by SVN Romania.
A similar level of the instalment/wage ratio was registered in 2022, when the average instalment for a mortgage loan granted in Bucharest held a percentage of 44%.
The ratio between the total number of tabulated mortgages and the total number of residential transactions registered in 2024 was of 51%.
The highest annual increase in home sales among the five largest regional residential markets in Romania was recorded in Iasi, with an increase of 38.1%.
Mortgage loans totaling €7.3 billion were granted in Romania during the first 10 months of 2024, up by 43% compared to the same period of last year, according to an analysis by SVN Romania.
Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest.
The construction of the project already started, with the delivery date being estimated for the end of 2026.
Residential deliveries in the Bucharest-Ilfov region were down 23% in the first half of 2024 compared to the same period of last year, according to a report by SVN Romania. The agency estimated last spring that this year could bring the lowest number of new homes delivered in the past five years.
Mortgage loans worth €5.5 billion were granted in total at a national level in the first eight months of 2024, up 49% compared with the same period of last year, according to data from the National Bank of Romania (NBR).
The former Eva retail property located in downtown Bucharest, on Magheru Boulevard, is occupied by Mega Image and has a leasable area of approximately 1,700 square meters.
The first phase of First Estates Pipera, comprising 232 apartments, has already been sold in a proportion of over 95%. The delivery of the units to the buyers is in progress.
Romanian developer Alsin Management said it will invest €20 million in the second phase of its residential project First Estates Pipera, with the completion date set for the spring of 2025.
Nobis Gardens is a luxury residential project, comprising only villas, where the first phase will be delivered by the end of 2024, and the second phase in mid-2025.
Iasi became, for the first time, the most important regional residential market, after Bucharest – Ilfov region, considering the number of home sales in H1 2024.
The areas located in the northern parts of the city will continue to attract the most residential developments, with almost 40% of new housing supply located here.
The Ministry of Energy has launched the second auction within the state aid scheme in the form of Contracts for Difference (CfD) to support the production of electricity from wind and photovoltaic projects.
The EBRD has slightly revised its forecasts for the Romanian economy's growth in 2025 but maintained its predictions for 2026, according to a recent report.
Romania's trade balance deficit (FOB/CIF) reached €8.45 billion in Q1 2025, marking a 26.9% increase (€1.79 billion euros) compared to the same period of last year,
OMV Petrom is expanding its electric mobility infrastructure by adding rapid charging services for electric trucks, with 400 kW charging stations in its network.
Romanian FMCG distributor Aquila has announced a 19% increase in revenues for Q1 2025, reaching nearly RON 740 million (€144 million).