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Articles - residential market

ANG Luxury Properties to develop Grand Chalet, a new premium residential complex in Romanian mountain resort

Real estate agency ANG Luxury Properties recently announced Grand Chalet, a new premium residential complex developed close to the Poiana Brasov ski resort in Romania. The project's value is about EUR 36 million.

One Floreasca Towers residential development receives the building permit

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate in Romania, obtained the building permit for One Floreasca Towers, a premium development in the heart of Bucharest’s business district. The development that will host 208 residential units has a Gross Development Value of 61,8 million euros. The delivery is estimated for February 2025.

Residential deliveries have not kept up the pace with the high demand

Romania’s residential market is heading for a new record in deliveries this year as well, but the development pace has not kept up with the evolution of demand over the past two years. In addition, the price of new homes continues to rise as new projects incorporate increased prices for building materials, Colliers consultants point out.

Home sales, up by 3.4% at a national level and by 16.6% in Bucharest in H1 2022

Over 85.000 homes were sold in Romania in the first six months from 2022, up 3.4% compared with the similar period from 2021, while the number of homes sold in Bucharest and Ilfov increased annually by 16.6%, shows a reported released by real estate consultant SVN Romania, based on official statistics.

Camicna Development develops Acmanic, a boutique luxury residential project worth EUR 25 million

Local real estate developer Camicna Development started the construction of Acmanic, a boutique luxury residential project worth EUR 25 million, which proposes a small community, totaling only 51 apartments, consisting entirely of duplexes of over 120 square meters each, with spacious terraces and gardens.

THE IVY, SPEEDWELL’s residential ensemble, has received the Green Homes certification

THE IVY residential ensemble in Bucharest, Baneasa, has been granted the Green Homes certification by the Romania Green Building Council.

Bucharest has some of the most affordable housing in EU

Housing prices in Bucharest are among the most affordable in the European Union (EU), according to a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices in EU capital cities.

New residential properties are becoming less and less affordable for Romanians

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a significantly faster pace than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation.
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