“Buyers are looking at proximity to their workplace. The selection criteria have changed because the city has developed and infrastructure lags behind. If in 2018 the number of housing units delivered was 500 in Bucharest sectors 1 and 2, deliveries in 2019-2020 will amount to 4,000 units in the Barbu Vacarescu – Aviatiei and Expozitiei areas. With such a large number of apartments on the market, buyers and renters will look not just at the quality of construction but also location and amenities,” said Pana.
The northern part of Bucharest has 25 residential projects under construction starting from 150 apartments each, said Pana, adding the market could experience an imbalance between supply and demand in the future. She added demand is currently stable, not on the rise.