Of the total volume delivered on the local residential market in the first six months of 2024, 56.1% of total housing units are located in urban areas.
Statistical data also show that the number of dwellings built using private funds decreased by 6,386 units, accounting for 96.5% of the total. Instead, the number of dwellings built using public funds increased by 245 units.
Capital city Bucharest saw the completion of 7,250 dwellings in the first six months of 2024, being followed by North-West with 3,799 units and Center, with 3,158 units.
The residential market was on a downward trend across all development regions: Bucharest– Ilfov (-2,193 dwellings), South–East (-1,494 units), Center (-926 units), North–East (-779 units), South-Muntenia (-370 units), West (-222 units), South–West Oltenia (-106 units) and North–West (-51).
In the second quarter of 2024, a total 14,576 housing units were put into use, 2,172 fewer than in the same period of 2023.
Most dwellings were built in urban areas (57.7 %). In the second quarter of 2024 versus the same period of 2023, the number of housing units built using private funds decreased by 2,508, while the number of units built from public funds grew by 336.
The distribution by regions in the second quarter of 2024 compared with the second quarter of 2023 shows a decline in the number of dwellings completed in the following development regions: Bucharest–Ilfov (-680 housing units), South-East (-669 units), South–Muntenia (-275 units), Center (-264 units), North–West (-143 units), North–East (-138 units) and West (-100 units). South-West Oltenia (+97 units) is the only development region to see a higher number of dwellings finished.