While Bucharest and Constanta saw more homes delivered in 2020 than in 2019, cities like Cluj-Napoca, Iasi and Timisoara saw decline.
Constanta had 1,217 houses and apartments completed in 2020, an increase of 13% year-on-year and a return to growth after a significant decline in 2019. The number of homes delivered in Bucharest, on the other hand, reached 13,821 in 2020, overshooting the 10,000 mark for the first time. The year-on-year growth stood at 60%.
On the other hand, some cities that had seen growth in the past few years, suddenly switched to decline – Iasi, Timisoara and Cluj-Napoca.
(English version by Loredana Fratila-Cristescu)