Romanian home sales stagnate as Bucharest market declines

09
Oct
2025
News - Romanian home sales stagnate as Bucharest market declines #Andrei Sârbu #Brașov #Bucharest #Cluj #Constanța #Ilfov #Residential #Romania #SVN Romania #Timiș #VAT

by Property Forum | Residential

Over 119,500 residential units were sold in Romania in the first nine months of 2025, a similar level with that recorded in the same period of 2024 (down only 0.3%), according to a market analysis by SVN Romania and based on official statistics of the National Agency for Cadastre and Land Registration.


About 41,500 residential units were sold in Bucharest and Ilfov, down 3.4% compared to the first nine months of 2024. This result is an improvement compared to the 7.9% decrease registered after the first half of this year. Home sales registered in Bucharest decreased by 4.4% in the first three quarters of this year, while in Ilfov county was registered an increase of 2.2% in terms of residential units sold in the first nine months of 2025.

This result was recorded against a backdrop of declining home deliveries in the Bucharest – Ilfov region. There was a 3% decrease in the number of homes delivered during the first half of this year compared to the same period in 2024. The number of completed homes during this timeframe represents the lowest level observed over the past five years.

The sales peak registered in July, determined by the announced elimination of the VAT facilities for the purchase of new homes, positively influenced the total number of residential sales recorded in 2025. August also brought home sales increases. "The local residential market has once again proven its resilience and solid fundamentals, with the Q1 – Q3 results being very good considering all the negative elements that influenced homes sales," said Andrei Sârbu, CEO SVN Romania.

Constanța remained the most important regional residential market in Romania (excluding Bucharest – Ilfov region) considering the number of homes traded in the first nine months of 2025, with an increase of 17.4%. Cluj county came second, with an increase of 6.6%, followed by Timiș, with a decrease of 14.2% and Brașov, with a decrease of 8.5%.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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