More than 13,200 houses and apartments were sold in Bucharest and the surrounding area in the first three months of the year, down 4.3% compared to the same period in 2024, according to an analysis by the real estate consultancy company SVN Romania based on statistics from the National Agency for Cadastre and Real Estate Advertising (ANCPI).Over 11,200 homes were traded in Bucharest in the first quarter, down 5.4% compared to the same period last year, while 1,960 homes were sold in the Ilfov County, up 2.4% compared to the first three months of 2024.The different annual variations between the two areas can also be explained by the decrease in the number of new homes completed in Bucharest, simultaneously with the delivery of an increasing number of homes in the surrounding localities of the capital city."The first quarter of 2025 was a good one for the largest residential market in Romania, despite a 4.3% lower result compared to the same period last year, in a context in which the beginning of 2025 was marked by socioeconomic uncertainties but also by a prolonged period of holidays at the beginning of the year. The decrease in supply, corroborated with a demand that remained at a high level, led to even higher pressure on transaction prices. However, potential buyers seem to have already adapted to the new prices, the affordability of buying a home still remaining at a good level," commented Andrei Sarbu, CEO of SVN Romania.Approximately 18,000 new homes could be completed in Bucharest and its surroundings this year, according to SVN Romania, a level as low as that recorded in 2024, when the capital region saw the lowest number of homes delivered in the last five years.Almost 37,000 houses and apartments were sold in Romania in the first three months of this year, down 4.9% compared to the same period last year. Most residential units were transacted in Constanta, Cluj and Timis, official statistics also show.
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
PPC blue Romania, the electric mobility division of the PPC group, announced the expansion of its national charging infrastructure through the acquisition of the Hermes Flow network, adding 116 new charging points for electric vehicles. Most are located in the Bucharest-Ilfov region, with the rest in 10 other counties. Once fully integrated, users will have […]
