Romanian Real Estate News – 09/06/23

Romanian real estate


-Romania’s real estate investment market saw deals worth EUR120 million in Q1 2023, accounting for almost 10% in CEE-6 volume, according to a Colliers analysis.

-Northern Bucharest’s Pipera area represents one of the biggest attractions for young families and those looking to make a real estate investment that guarantees generous returns through rentals or resale, according to the North Bucharest Investments Report regarding the Pipera area.


Local lending institutions tightened lending standards for all loan categories in the first quarter of 2023 amid expectations about the overall economic situation, monetary or macroprudential policy decisions and the current or expected situation of bank capital, BNR’s quarterly survey reveals.


Arrivals at Romanian tourism accommodation establishments, including apartments and rooms for rent, increased by 19.9% in April to 894,300 while overnight stays grew 18.7% y-o-y, the National Institute of Statistics (INS) data showed.


Romania’s economy increased by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 on an annual basis, due primarily to commerce, IT&C, constructions and net taxes, while the industry had a negative contribution to the GDP evolution, provisional estimates from the National Institute of Statistics data showed.