“The secondary market continues to be an important option for buyers as deliveries of new housing units stays low. In 2025, we may have around 18,000 housing units completed in Bucharest and neighbouring areas, a level similar to 2024, the weakest of the past five years in terms of new supply,” explains Andrei Sarbu, SVN Romania CEO.
In April against March, two areas registered strong increases: Crangasi, from EUR95,000 to EUR104,000, and Militari from EUR106,000 to EUR115,000.
Amid the high demand and limited stock of new units, sellers have constantly hiked prices. The advance stood at 8.6% in December 2024, gaining speed in the following months and reaching 12.7% in March and 14% in April.
Since the start of the year, the average asking price for an old 3-room apartment has risen by around EUR6,000.
Exchange rate volatility and rising interest rates amid political instability and the withdrawal of foreign capital are likely to weigh on the real estate market in the coming period. Nevertheless, industry players consider the price upward trend is fueled by the lack of supply rather than the short-term monetary conditions.
(English version by Catalina Apostoiu)