Signs of crisis on Romanian real estate market: the number of transactions dropped by 22 pct in Q1 2019

The number of transactions in the Romanian real estate market declined by by 22 percent year-on-year in the first quarter of this year to 116,109, according to Imobiliare.ro.

The analysis shows that the drop can be a consequence of the fact that in January and February the First House (Prima Casa) government-backed programme didn’t start – and Prima Casa still covers a big part of the house market demand, according to Business-Review.eu.

In Q1 2019, most of sale and purchase transactions took place in Bucharest (19,698 transactions), followed by neighboring Ilfov county (with 10,082 contracts), Cluj (7.017) Timis (6.572), Brasov (6.120), Constanta (4.025) and Iasi (3.527).
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