Bucharest and its surroundings, the biggest regional market in Romania, will reach a record number of new housing delivery. Official data shows that in the first semester of 2019 the number of delivered houses grew by 46.5% in Bucharest and Ilfov county, compared to the same timeframe of 2018, says Business-Review.eu.
SVN Romania data predicts over 14,000 new houses will be handed over to their new owners in Bucharest and Ilfov, depending on how the property developers will adhere to construction schedules and the rapidity of drawing up the work reception processes.
The bounce-back of the transactions number was made possible by the diversification and increase of high-end offers in the residential market. 2019 was the first year in which the middle market sector had the largest share on Bucharest’s residential market. The structural change in residential offers is also visible in buying manners. The “Prima Casa” (First Home) Loan program stopped being the main buying method, with only 25% of transactions completed through this plan.
Other important regional markets in the residential sector are Cluj-Napoca (over 7,000 homes delivered this year), Constanta, Timisoara (both with 4,000 completed homes), Brasov, Sibiu, Iasi, and Oradea (1,000 completed homes each), while Craiova has the potential to join those cities by the end of 2019.
Read more HERE
Comments
comments
Hi! This post could not be written any better! Reading through
this post reminds me of my previous room mate! He always kept talking
about this. I will forward this post to him. Pretty sure he will have a good read.
Thanks for sharing!