The share of Bucharest in terms of newly delivered housing decreased to 57.4% in 2022, from 66.5% in 2020, while Ilfov County increased from 33.5% to 42.6% in the reference period, according to an analysis published on last Wednesday."The urban gridlock has clear effects in terms of the accessibility of new homes in Bucharest. It increases the share of deliveries from neighboring areas, this fact having a direct impact on the increase in traffic values and pollution in the Capital, where people come to work, to bring their children to school or for social activities. In the context of the growing strategic importance of the CEE area, Bucharest loses major investments due to the uncertainty and lack of predictability in terms of urban regulation. The Romanian capital is in competition with other capitals in the CEE area, not with secondary cities in country, so the losses are incurred by the Romanian economy," explained Despina Ponomarenco, chairwoman of BREC.The specialized analysis reveals that, in accordance with the financial statements submitted to the National Fiscal Administration Agency (ANAF) by the companies active in the construction and real estate industry, as well as with the statistics of the National Institute of Statistics (INS), Bucharest's contribution to GDP- the national rate decreased from 37% in 2019 to 34.6% in 2021, respectively to 29.8% in 2022, a level similar to that of 2010.According to the quoted source, the estimated loss for tax revenues amounts to 3.45 billion euros, for the period 2022-2026, while the loss from the value added in the economy for the same period is 10.4 billion euros.The data from INS highlights the decrease in the number of homes delivered in Bucharest to the detriment of those delivered in Ilfov. Thus, from 66.5% in 2020, it dropped to 60.6% in 2021 and to 57.4% last year. At the same time, the share of Ilfov county increased to 42.6%.Bucharest Real Estate Club, organization of the real estate market, is composed of major, local and international investors, active in the segments of urban regeneration projects, office buildings, logistics and industrial parks, retail parks, residential investments, with cumulative portfolios of over ten billion euros.
Bucharest has cemented its place as the most expensive city in Romania for renters, with price gaps between luxury and working-class districts reaching as much as EUR 2,500 a month, according to an analysis by Imobiliare.ro, quoted by news agency Agerpres. In Primăverii, for example, the capital’s most exclusive neighborhood, monthly...
President Nicușor Dan, currently on holiday with his family in the Romanian mountains, appealed to Romanians to spend their holidays in the country. In a video posted on social media, he said that the most beautiful places he visited are those in Romania. “The most beautiful places I have visited with my family are those here, […]
Romania saw an increase in newly established companies that far exceeded the EU average in the second quarter of 2025, according to data published on Monday, August 18, by Eurostat. According to these data, from the first quarter to the second quarter of 2025, the largest increases in the establishment of new companies...
A new interactive map is bringing Romania’s street art scene into focus, documenting murals and urban art interventions across major cities and smaller towns. The Romanian Street Art Map highlights works from Bucharest, Cluj-Napoca, Iași, Timișoara, Sibiu, Constanța, Brașov, Craiova, Ploiești, Bacău, Reșița, and even seaside destinations such as Vama Veche, offering both locals and […]
Bucharest will see extensive traffic restrictions on August 31 as the capital hosts the fourth edition of L’Étape Romania by Tour de France. Several major boulevards and central streets will be closed between 07:00 and 14:00 to allow more than 2,500 cyclists to take part in the event, the organizers said. The closures will affect […]
BT Arena, in Romania’s Cluj-Napoca, is set to host a disco and eurodance blast from the past with internationally famous bands during the DISCOTECA ‘80-’90 event in September. Vengaboys, Blue, Mr. President, 2 Unlimited, Bonnie Tyler, Boney M with Liz Mitchell & Band, Samantha Fox, Sabrina, and others will take the stage during the third […]
