More than 100,000 Romanians relocate each year from urban to rural areas, as alone in the two years of Covid pandemic more than 250,000 people have decided to swap city life for the countryside, reveals a survey by Frames and Arabesque & Mathaus.According to data provided by the National Institute of Statistics (INS), in the pandemic peak year of 2020, 116,491 people switched from city to rural life, whereas the number of people to move in the opposite direction, ie from small localities to cities was just 77,825.Amid this trend, experts report that rural relocation has intensified in the last two years, as proves the share of residential building permits released in 2022 for rural areas - 69 percent of the total. A combined 404,681 sqm of residential constructions are expected to be erected this March, compared to 275,091 sqm in January 2022, and 377,606 sqm in February 2021.As many as 3,542 residential building permits were issued this February (+38.9 pct) for a total usable area of 803,035 sqm (+33.3 percent).According to the cited survey, apart from the desire for more space and cleaner air, the explosion of utility, gas and electricity costs has substantially added to the drive for countryside relocation.Beyond statistical data, this phenomenon also reflects in the sales of DIY stores that sell construction, renovation or refurbishment materials. Sales of fences and pavement products, outdoor tiles, septic tank installations for areas with no sewage connection conditions and garden watering installations have increased significantly, and thermal insulation sales top the figures.According to the cited source, sales of thermal insulation solutions will continue to be at the top. "If you are looking to insulate your home, you need to know that walls account for 30-40 percent of a building's heat loss, doors - for 10 percent, and 20 percent goes lost through the windows, while the roof accounts for 15 to 25 percent of the total heat loss," shows the cited report.
Romania’s leading investor and developer of sustainable residential, mixed-use, and office real estate projects, announces the acquisition of a 5,755 sqm plot of land at 110-112 Barbu Văcărescu Street. The company plans to develop a mixed-use tower on the site, in an area that pairs proximity to nature with easy access to Bucharest’s main business […]
AmpliFY ONG and Orange Foundation, through the Orange Digital Center program, are launching Digital Builders, a program that helps Romanian NGOs manage their data more efficiently, simplify monitoring processes, and better assess the impact of their activities. The project runs from September to December 2026 and brings together NGO representatives, student volunteers, and experts to […]
More than 636,000 homes were completed in Romania between 2016 and 2025, equivalent to almost 33 new homes per 1,000 inhabitants, according to an analysis by Cushman & Wakefield Echinox based on housing completion data compiled for the 2016-2025 period. These figures place Romania broadly in the middle of the 21 European markets included in […]
Artificial intelligence is bringing increasingly clear benefits to medicine worldwide. Doctors are spending less time on paperwork, while the number of patients treated each week is rising. These are the findings of the Future Health Index, the largest global study of its kind, conducted by Royal Philips. The study surveyed more than 2,000 healthcare professionals […]
Major banks are stepping into the spotlight this week to reveal their latest corporate performance, offering a key test of strength after five straight weeks of market declines. Investors are looking for evidence that rising interest income can offset higher funding costs and growing economic pressures. The US banking sector ETF posted five consecutive weeks […]
A 55-square-metre flat, bought with a 15% down payment and a 25-year mortgage, would take 56.3% of the average net salary. After the mortgage payment and a minimum cost-of-living basket, an employee on an average income would be left with EUR 47 a month. The calculation, made by the Institute for Visionary Cities (IOV) and […]
