North Bucharest Investments: 30 percent more transactions in the first 6 months of 2024 compared to the entire volume of 2023

In the first half of the year, North Bucharest Investments carried out over 520 real estate transactions, a 30 percent increase compared to the total number of transactions of the previous year.

The value of the transactions reached approximately 63 million euros, a 35 percent increase on the total amount for the same period in 2023.

“Our monthly transaction volume is 2 to 4 times higher than last year, and these figures are the result of the trust our customers have in us. This performance also reflects not only the stability of the real estate market, but also our ability to adapt and respond quickly to the ever-evolving needs of our customers. The increasing monthly sales also highlight the effectiveness of the strategies we implement, both in the area of ​​PR, marketing and sales. Our team provides top-notch real estate investment and consulting services, and this can be seen in the figures,” says Vlad Musteață, CEO of North Bucharest Investments.

More than 5,500 people contacted the company directly through the website for advice, which is a 25 percent increase compared to the same period last year.

The number of employees and agents also increased proportionally with the business, from 41 to 103, which stands out on the labor market with an increase of 151 percent.

“In the first half of 2024, investors played a significant role in our sales activity and represented approximately 60 percent of the transactions carried out. This high percentage indicates that investors trust North Bucharest Investments and the profitable opportunities offered. Our relationships with investors are long-term, built on transparency, accurate and fast information from real estate market developments, but also on our performance, validated by experience and time.

Residential end customers account for 40 percent of our total sales and this category includes both families with children and people who want a home close to the office, well connected to transport and educational and commercial facilities.

This balanced mix is ​​proof that our portfolio meets both immediate residential needs and long-term investment objectives that generate good returns,” says Andreea Nicolae, Director of Client Relations.

The estimated value of the current portfolio is 38 million euros. The portfolio includes 134 residential complexes, villas and houses, of which 62 projects are large. In percentage terms, the portfolio increased by 20 percent compared to the entire level of last year.

In the first half of 2024, 21 new real estate developments were added to the North Bucharest Investments portfolio, and the offer and expansion will continue at least at the same pace for the next 6 months

North Bucharest Investments projects are concentrated in sectors 1, 2 and 3 of the Capital, in highly sought-after areas due to its premium developments and excellent infrastructure.

“We are actively exploring opportunities to expand our presence beyond the North of Bucharest. Cities such as Brașov and Mamaia Nord are also on our radar given their growing demand and high earning potential for investors and end customers. Our objective is to offer high-quality real estate solutions in different regions and thus respond to all requests from people interested in purchasing in the domestic real estate market.

We are analyzing very well the prospects of expanding the activity and the portfolio in other important cities in Romania. Iași and Cluj are also cities with a very high development potential and cities that bring significant benefits for those who invest in apartments and houses, both to live in them and to generate good returns from rents,” emphasizes Vlad Musteață , CEO of North Bucharest Investments.