2023 starts from an over 55% increase in housing deals against the pre-pandemic period, show real estate consultants’ estimates based on end-2022 data.
“In early 2021 we identified over 27,000 new housing units under construction in Bucharest and the neighboring area, with this being the highest number in the modern history of the local housing market,” says Gabriel Voicu, vice-president of real estate consultancy SVN Romania.
Of these, around 22,000 were delivered by end-2022, with the rest having, in general, 2023 as a delivery deadline.
2023 starts with caution among those interested in buying a house, but real estate consultants expect the second half to bring a housing market stabilization.
There will be further purchase opportunities for those holding cash, a segment representing over 50% of the market.
(English version by Catalina Apostoiu)