Romania recorded a 17% decrease in the number of transactions in January, compared to the same period last year, totaling just over 8,400 property deals, according to data by the National Agency for Cadastre and Land Registration (ANCPI).
This trend is also reflected in Bucharest, where the number of transactions decreased by almost 18%, reaching approximately 2,500.
Suceava County is a surprise, climbing to fourth place nationally, with over 400 transactions and a remarkable 38% increase.
“The general decline of the market in Romania in January is partly justified by the uncertainty in the political area, which began at the end of November and then continued in December with numerous uncertainties related to fiscal policies for 2025,” said Monica Dudău, Senior Marketing Manager at Storia & OLX Real Estate.
Despite the decrease in the number of transactions, the number of active mortgages increased by almost 13% in January 2025, reaching almost 5,900.
Once again, Suceava stands out with a tripling of the number of active mortgages compared to January 2024, reaching 200.
It is important to note that ANCPI data on active mortgages also includes refinancing mortgage loans, a popular option in recent years, as many Romanians have sought to benefit from a fixed interest rate period.
The National Bank of Romania decided in January 2025 to maintain the monetary policy interest rate at 6.5%, anticipating a slight increase in inflation. This means that mortgage rates will have a stable outlook this year.
