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Articles - residential market

Investment of 80 million euros in The Lake Home residential complex in Sibiu

The developer Novarion SA launched this month the first building, a block of flats with 42 apartments, from The Lake Home project, located on the shores of Binder Lake in Sibiu. The project has attracted around € 3 million through two rounds of financing from the Meta Estate investment fund, and is based on innovative concepts, including cryptocurrency payments through Utrust.

Anchor Group to launch newest project Select Residences in Bucharest

Anchor Grup, one of the top players on the real estate market in Romania, announces Select Residences, its newest premium residential complex in the company’s portfolio, after a planned investment of 40 million euros.

The largest number of homes under construction in Bucharest in history. Transactions increased by 16% in the first quarter

Over 27,000 homes are under construction at this moment in Bucharest and its surrounding according to a report released by real estate consultant SVN Romania. This is the largest number of dwellings under construction in the region in the modern history of the local residential market.

More than 72,000 residential units were delivered in 2021 in Romania, a record level since 1989

72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statistical data released by the National Institute of Statistics.

Nearly 2,000 residential complexes are currently under construction

Almost 2,000 residential complexes are currently under construction, and three quarters (76%) of real estate projects in Romania have a maximum height of 4 floors.

The price of residential complexes increased by 25-35% per square meter in 2021

The evolution of the real estate market in the second year of the pandemic was strongly influenced by the purchasing behavior of Romanians, most purchases being made for housing, not for speculative purposes, according to CUMULUS, one of the largest architecture and design offices in Romania.

The number of homes sold last year in Bucharest was over 40% higher than in 2020

The second pandemic year ended with a total of about 50,000 apartments transacted in the Capital, more than 40% above the 2020 level, according to Colliers consultants. Nationally, although the context of the pandemic has slowed the pace of new deliveries as a result of the decrease in authorized areas during the emergency state in the spring of 2020, the residential market has picked up and in the first 10 months of 2021, the total area authorized by developers had already reached 10.1 million square meters, almost the level of the whole year 2020, which means that the residential sector is moving towards new delivery highs this year.

The Level Apartments: 50% of Phase II sold one year before completion

The Level Apartments, a premium residential projects located in the northern part of Bucharest, in Straulesti – Petrom City Area, already sold 50% of second phase, one year before completion.

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