The institution thus confirms the shaping up of a new housing boom in Bucharest.
As a matter of fact, the first nine months of this year were the best in the past decade in terms of house deliveries in Bucharest-Ilfov, with investors and individuals completing 5,657 houses and apartments. By comparison, during the January-September period of 2008 and 2009, when the local real estate market peaked, a little more than 4,800 housing units were delivered.
Over the past year, investors returned on Bucharest sites, and particularly at the city’s outskirts, where they mainly build apartments fitting the First Home scheme.
Taking into account announced projects and projects underway, this year’s deliveries will most likely go beyond 8,000 units.
The most dynamic investors in Bucharest’s housing sector include foreign groups such as Turkey’s Opus Land, Spain’s GranVia or Lebanese businessman Mohamad Murad. At the same time, local developers such as Impact, Metropolitan Residence or Petre Niculae, are erecting further blocks in various areas of Bucharest.
(English version by Catalina Apostoiu)