New housing deliveries and transaction numbers fell by approximately 5% in 2025 compared to the previous year, according to Colliers' annual report. While deliveries dropped to their lowest level since 2017, sales volumes remained around 20% above the pre-pandemic average.
In Bucharest, the decline in demand was more pronounced than the national average, yet the capital continues to attract the most new developments and market interest. Despite high interest rates, persistent inflation and increased VAT for residential transactions, mortgage-financed purchases rose to approximately 58% of total sales, indicating buyer adaptation to new conditions.
At national level, total deliveries are estimated below 58,000 units in 2025, the lowest volume in eight years. While most regions recorded declines, Bucharest and Ilfov saw slight increases in completions. Supply in Bucharest-Ilfov is more than twice the pre-pandemic decade average, while the rest of the country remains slightly below historical averages.
"Although transactions declined slightly, the overall level does not point to a weak year for the residential market, given that volumes remain significantly above the recent historical average," explains Gabriel Blănița, Director of Valuation & Advisory Services at Colliers Romania. He notes that 2025 started slowly, accelerated during summer and stabilised towards year-end.
In major cities, prices increased on average by around 5% in 2025, with differences between segments becoming more visible. Well-located new homes with good infrastructure and high energy-efficiency standards recorded stronger growth, supported by financially solid buyers. "In the long term, the residential market sits on solid foundations, given that Romania faces one of the highest overcrowding rates in the European Union," concludes Blănița.
