NBI: Bucharest remains a reference point for investors due to the attractive returns offered by real estate investments
Petre Barac
Posted On November 12, 2024
According to data provided by the National Agency for Cadastre and Land Registration (ANCPI), in October 2024, there was a 19.5 percent increase in home sales in the Capital compared to the previous month, with 4,970 properties sold compared to 4,158 units purchased in September 2024.
“The real estate market in Bucharest continues to see month-over-month growth in sales, and the official data reflects strong demand, particularly for new homes and increased interest from investors making real estate purchases to achieve attractive returns from rental or resale operations,” said Vlad Musteață, CEO North Bucharest Investments.
The demand for residential properties is also strengthening at the national level.
In October, a total of 17,709 homes were transacted in Romania. According to ANCPI, after Bucharest, the cities with the highest number of sales were Ilfov with 1,222 units sold, Iași with 1,216, Timiș with 1,001, Constanța with 965, and Brașov with 939 homes.
“The numbers show the popularity of the residential market in these areas, as well as accelerated real estate development, which attracts both investments and buyers looking for more comfort. Factors such as modern infrastructure, property locations, and proximity to educational institutions, hospitals, major commercial areas, or office centers significantly contribute to the growing interest in property acquisitions,” emphasized Vlad Musteață, CEO North Bucharest Investments.
In this context of general market growth, North Bucharest Investments reported 141 transactions in October 2024, with a total value of €21.9 million. Compared to September 2024, when 134 transactions worth €18.5 million were completed, North Bucharest Investments saw a 5.2 percent month-over-month increase in the number of transactions and an 18.2 percent increase in their value.
Furthermore, compared to October 2023, when 53 transactions were recorded, the results in October 2024 reflect a significant 166 percent increase.
