About 74,500 residential units were sold in Romania in the first six months of this year, down 3.4% from the figure recorded in the first half of 2024, according to a market analysis issued by real estate consultant SVN Romania based on official statistics of the National Agency for Cadastre and Land Registration. Almost 25,700 residential units were sold in Bucharest and Ilfov, down 7.9% compared to the first half of last year. This decline was determined by the low volumes in Bucharest, down about 10% compared to H1 2024, while residential sales registered in Ilfov increased by 5% compared to the same period of 2024. The different annual variations between the two areas can also be explained by the decrease in the stock of new homes available for sale in Bucharest, simultaneously with the delivery of an increasing number of homes in the neighbouring localities of the Capital city. “2024 saw the lowest number of residential unit deliveries in Bucharest and its surroundings in the last five years. For this year we estimate an equally low volume of deliveries, a factor that is already showing its negative effects on home sales in the region. The decline in home deliveries is the biggest problem for Bucharest’s residential market – at a national level, for example in Cluj-Napoca, a market which is more expensive than Bucharest, more homes were sold in the first half of 2025 compared to the same period of 2024. And, unfortunately, the delivery issue in Bucharest will not improve in the short term,” said Andrei Sarbu, the CEO of SVN Romania. Constanta became the second residential regional market in Romania in terms of residential sales (after the Bucharest–Ilfov region), with an annual increase in sales of 23.6% in H1 2025. Next in the ranking is Timis county, were residential units sold in the first half of this year decreased by an annual rate of 4.5%. Cluj is next, with residential sales registered here being 12.7% higher than those registered in the first half of last year, while Brasov saw an annual decline of 9% in the first semester of 2025.
Construction and real estate development company Novarion has announced its intention to list on the AeRO market of the Bucharest Stock Exchange by the end of the year or at the beginning of next year. Listing will take place following a EUR 70,000 grant obtained through the EU-backed National Recovery and Resilience Plan, or PNRR. […]
“The Robot Cellist,” the visionary project of international artist Fredrik Gran, will perform during GoTech World 2025, the largest IT and digital solutions expo-conference for the business environment in Central and Eastern Europe. Created by Swedish composer Fredrik Gran, “The Robot Cellist” reinterprets the cello through technology, blending tradition with innovation. It has already appeared […]
Romania is 7th in a ranking of the fastest Wi-Fi connections available onboard trains in 18 countries in Europe and Asia, according to an analysis by internet speed testing service Ookla. With a median download speed of 12.46 Mbps, Romania offers Wi-Fi more than twice as fast as Italy (4.78 Mbps) and Poland (4.72 Mbps), […]
Bucharest’s Botanical Garden will once again be illuminated this fall as the “Garden of Lights – Small World” exhibition opens to the public on October 24. The nighttime event will feature thousands of light installations, colorful lanterns, multimedia projections, and interactive displays inspired by landmarks and cultures from around the world. Visitors will embark on […]
The Metropolis Foundation announced the start of construction works on Romania’s largest pediatric psychiatry hospital, a project valued at over EUR 16.5 million. The new facility will be built within Bucharest’s “Prof. Dr. Alexandru Obregia” Psychiatric Hospital. The 3,900 sqm building will include modern wards, medical offices, occupational and virtual reality therapy rooms, sensory and […]
Global enterprise AI agent platform Wonderful announced on Monday, October 13, that it entered the Romanian market and appointed Lucia Stoicescu as Country Manager. Founded in early 2025 by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful provides an integrated agent platform allowing enterprises to build, manage, and monitor AI agents serving customers. Winkler previously […]
