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.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
