Fewer housing units delivered in Romania in Q3

14 December 2023

The number of housing units delivered in Romania decreased to 17,916 in the third quarter of the year (Q3), 11% fewer compared to the same quarter in 2022.

For the whole January-September period, the developers delivered 5% fewer housing units compared to the same period in 2022: nearly 50,000 units.

Out of the total housing units delivered in the first nine months of the year, 30% were in the Bucharest metropolitan area – 6% fewer compared to the same period of 2022. Deeper plunges were seen in the western (-18% y/y) and northwestern (-13% y/y) regions of the country.

In contrast, the real estate developers were more active (+11% y/y housing units delivered) in the southeastern part of the country, which includes the Black Sea Riviera and the Danube Delta.

iulian@romania-insider.com

(Photo source: Tsyhun/Dreamstime.com)

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Fewer housing units delivered in Romania in Q3

14 December 2023

The number of housing units delivered in Romania decreased to 17,916 in the third quarter of the year (Q3), 11% fewer compared to the same quarter in 2022.

For the whole January-September period, the developers delivered 5% fewer housing units compared to the same period in 2022: nearly 50,000 units.

Out of the total housing units delivered in the first nine months of the year, 30% were in the Bucharest metropolitan area – 6% fewer compared to the same period of 2022. Deeper plunges were seen in the western (-18% y/y) and northwestern (-13% y/y) regions of the country.

In contrast, the real estate developers were more active (+11% y/y housing units delivered) in the southeastern part of the country, which includes the Black Sea Riviera and the Danube Delta.

iulian@romania-insider.com

(Photo source: Tsyhun/Dreamstime.com)

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