In Bucharest-Ilfov area, the residential market shrank by 32%, with a total of 3,153 dwellings being delivered in the first three months of 2024. Of the total volume delivered on the local residential market, 54.1% of housing units are located in urban areas, compared to 61.5% reported in the first quarter of 2023.
Statistical data also show that 96.9% of dwellings were built using private funds and only 3.1% were built from public funds.
Most housing units were put into use in Bucharest-Ilfov (27.8% of the total), being followed by the North-West region (14.6%), and by the North-East and West regions, each with 11%.
At regional level, the only region in Romania where the number of dwellings delivered has increased in 2024 is North-West (the counties of Bihor, Bistrita-Nasaud, Cluj, Maramures, Satu-Mare and Salaj), with an advance of 92 apartments.
All the other regions saw declines, as follows: Bucharest-Ilfov (-1513 housing units), South-East (-825), Center (-662), North-East (-641), South-West Oltenia (-203), West (-122) and South-Muntenia (-95).