The best month of January since the start of the pandemic in 2020 for real estate transactions in Bucharest and the best month of January in the last 3 years for sales in Ilfov.
Despite the increase in VAT and global economic uncertainties, housing sales, both new and old, registered a 9 percent increase in the Capital in January 2024 compared to the same month last year, reaching almost 3,100 units sold.
“The real estate market in Bucharest and Ilfov started 2024 strong, with significant increases in housing sales. North Bucharest Investments completed 67 real estate transactions in just 3 weeks,” says Vlad Musteață, CEO of North Bucharest Investments
The positive sales trend since at beginning of the year is also reflected in the national figures. In January 2024, 10,215 homes were sold throughout the country, 25.8 percent more than the same period of the previous year. Annual increases were observed in all major regional markets, from Constanta (15.6 percent) and Brașov (17.1 percent), to Cluj (44.7 percent).
