Romanian Real Estate News – 09/12/22

Romanian Real Estate News

CONSTRUCTION

A number of 20,223 housing units were put into use in Q3, 2022, an increase of 1,957 units y-o-y the National Institute of Statistics (INS) data showed. Most dwellings were built in the urban environment (55.8%). The distribution of completed dwellings by financing sources shows that the number of dwellings built in Q3, 2022, compared to the Q3, 2021, from private funds increased by 2,262, while those from public funds decreased by 305 dwellings.

RETAIL

IULIUS Company, the only developer and operator of mixed-use urban regeneration projects in Romania, has opened the second Family Market project, in the Bucium neighborhood in the city of Iasi. According to the company Family Market embodies the essence of the IULIUS expertise in developing urban regeneration projects at a national level.