Only 11% of the stock of housing units existing in Romania can be considered new, built in the last 26 years, according to an analysis of DTZ Echinox, carried out based on data reported by the national statistics institute.
Most housing units were delivered in capital city Bucharest (68,435 units), followed by the counties of Ilfov (66,034 units), Constanta (51,293 units), Suceava (50,848 units) and Cluj (50,394 units). At the opposite pole, Caras-Severin is the county with the poorest residential activity in the last 26 years. Only 5,185 housing units were built there, accounting for 3.8% of total housing units existing in the county.
According to DTZ Echinox, some 47,000 housing units were completed in 2015, 4.5% more than in 2014. Nevertheless, the number of housing units delivered grew in only 17 counties, while the remaining 25 counties saw a decline in the residential market.
Most housing units were completed in Ilfov county (6,634 units), Bucharest (4,448 units), Iasi (3,033 units), Cluj (3,022 units) and Timis (2,852 units). The counties of Iasi and Sibiu saw the most intense residential development activity, with increases of 64% and 46%, respectively.