News Article Bucharest Fortim Trusted Advisors George Călin residential Romania VAT

by Property Forum | Residential

The residential market in Bucharest returned to a rhythm more in line with previous years, following the record-breaking July, according to an analysis of Fortim Trusted Advisors.


A total of 4,469 homes were sold, representing a 10.1% decrease from the peak in July, which was an all-time high for 2025. Despite the drop, the transaction volume remained robust, staying over 15% above the monthly average for 2025.

The surge in July was driven by two key factors: buyers' urgency to benefit from the reduced VAT rate before fiscal changes took effect and a record volume of approved mortgage loans. 

This rush led to a historic high, with mortgage loans financing 71% of all real estate transactions in July, the highest level in the past seven years.

"In August, we observed a return to a transaction pace similar to the first months of the year, but still above the general average, which confirms buyers’ confidence in the residential market," said George Călin, Residential Manager at Fortim Trusted Advisors.

In August, the share of mortgage loans dropped to 56% of total transactions, a level more consistent with recent years. According to official data, 2,501 mortgages were registered in the capital during the month. 

The market leaders in terms of transactions were District 3, accounting for nearly one-third of all sales, followed by District 6 with 796 homes sold and District 1 with 784 units.