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.
Romania recorded a 17% decrease in the number of transactions in January, compared to the same period last year, totaling just over 8,400 property deals, according to data by the National Agency for Cadastre and Land Registration (ANCPI).
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.
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%.
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.
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.
The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).
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.
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.
Wallberg has obtained the construction permit and financing for the fourth residential building in the XCity Towers complex in Timișoara.
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.
The Bellemonde residential complex in Pipera, near Bucharest, is recording growth in sales for its villas and apartments.
The Romanian residential market is navigating through many changes. This means that developers need to be flexible in order to adapt to all changes, as the speakers of the residential panel of SEE Property Forum 2024 concluded.
The groundwork and all foundation excavation have already been completed for the Bellemonde project, which will benefit from a total investment exceeding €40 million.
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).
Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.
The average sales price per square meters in 9M 2024 remained stable compared to 2023, reflecting the integration of units from One Lake District Phase 2 into the sales portfolio.
Prime Kapital has started the development of close to 600 apartments in Bucharest and Iași following the completion of 700 residential units in both cities.
Speedwell has started the construction of the last building of its Triama Residence project in Bucharest.
Romanian tech retailer Flanco has announced its most significant expansion strategy in six years, committing approximately RON 20 million (close €4 million) to investments.
Flip.ro, the Romanian platform dedicated to refurbished electronic devices, has concluded its fiscal year with a 45% year-over-year increase.
Energy bills for households will increase once the price capping scheme is scrapped in July, finds a new study by the Energy Policy Group (EPG).
Major Romanian cities are collectively investing over €30 million in smart waste collection infrastructure, find a new analysis by Clean Recycle.
Furniture giant IKEA has opened its first Plan and Order Point in Bucharest, located in the Orhideea area.