Romania's residential market experienced a significant surge in July, with a record number of apartment sales recorded in Bucharest and other major cities.
West Group has completed the acquisition of the iResidence residential project in northern Bucharest. The deal was carried out under agreed commercial conditions, with construction activity on site continuing without interruption.
The total volume of housing loans granted to households reached almost RON 30 billion (around €6 billion), a 32% increase from the first half of 2024, according to the National Bank of Romania (BNR).
The residential market in Bucharest and Ilfov saw a 10% drop in the number of transactions during H1 2025 compared to the same period in 2024, while sales prices have continued to climb, driven by high inflation, anticipated tax changes, and limited supply, finds a new analysis by iO Partners.
The increase in VAT to 21% for new homes is having a direct impact on pricing and sales strategies in the residential market, with effects already becoming visible, according to Valentin Neagu, Managing Director at Crosspoint Real Estate.
NEPI Rockcastle has fully sold all 254 apartments at Vulcan Residence, its first residential project in Bucharest, which was developed with a total investment of approximately €25 million.
The Romanian residential market is experiencing a significant evolution, with notable shifts in buyer and renter priorities over the past two years, find a recent survey conducted by iO Partners in collaboration with Storia.
Romanian developer Hils Development has obtained a loan of RON 99 million (close to €20 million) from Libra Internet Bank for the construction of Hils Sunrise complex in Bucharest.
Răzvan Brasla, CEO of Cloud9 Residence, talked to Property Forum about the company's €90 million investment in a new residential complex in northern Bucharest and the trend of homebuyers who want to be close to the main business hub of the city that comprises a wide range of facilities.
Hubix has announced a strategic partnership with Fimaro Development for the development of 600 residential units in Cluj-Napoca, near the Tetarom I business park.
Koramic Real Estate Romania, the local division of the Belgian family office Koramic Investments, has announced a total investment of €30 million for two new residential projects in Romania.
Local developer Zacaria has kicked off the development of the second phase of the Valletta Park residential complex in Sibiu.
Romanian developer Scala Development, part of Ax Perpetuum group, has secured RON 119 million (€24 million) from Libra Internet Bank for the development of the Scala Sopor residential complex in Cluj-Napoca.
Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.
Local developer Ansi has purchased a land plot in northern Bucharest from GTC, where it plans to kick off the construction of a new premium residential project.
Yitzhak Hagag, Co-Founder and Chairman of Hagag Development Europe, talked to Property Forum about the company's investment pipeline north of €360 million and its ongoing developments in luxury retail, offices, residential and mixed-use projects.
The Romanian residential market experienced a notable downturn in H1 2025, with national home sales decreasing by 3.4% compared to the same period last year. Approximately 74,500 residential units were sold across the country. The Bucharest and Ilfov region, a key market, saw an even steeper decline of 7.9%, with around 25,700 units sold.
Romania is among the few member states where residential prices have grown at rates below the EU average of around 58%, between Q1 2010 and Q1 2025, according to Eurostat.
Prime Kapital will start in Q4 2025 the construction of a new multi-phased residential project as part of the Silk District mixed-use complex in Iași.
Hercesa Romania has announced the launch of sales for Vivenda Prime, a new residential project in Eastern Bucharest comprising 105 apartments.
Romania's Ministry of Finance has signed financing agreements for two major investment projects in the automotive sector.
Infinity Capital Investments has reached an agreement to sell all its shares in sunflower oils producer Argus Constanţa to the Bulgarian agri trader Buildcom.
BT reported a net profit of RON 1.78 billion (€359.1 million) for H1 2025, a slight decrease of 1.9% compared to the RON 1.81 billion (€365.1 million) recorded in the same period of 2024.
PPC Renewables Romania has installed the first turbines at what will be the largest wind farm in the Moldova region, marking a new phase in the project's construction.
The Board of Directors of Transport Trade Services (TTS) has announced a significant leadership change, appointing Ana Bobircă as the new Chairwoman.