19% more homes sold in Bucharest in July 2024 compared to July 2023

According to data provided by the National Agency for Cadastre and Real Estate Advertising (ANCPI), 19% more homes were sold in the Capital in July 2024 compared to the same month last year, with 4,521 units sold compared to 3,782 units purchased in July 2023.

“The significant increase in sales reflects the strong demand for new homes, driven by the steady rise in rental prices and the high yields offered by real estate investments. In this favorable context, North Bucharest Investments has experienced growth four times higher than the average sales increase in Bucharest. In July 2024, we finalized 116 transactions, representing an 81% increase compared to the same month last year, when 64 contracts were concluded. Our buyers continue to be motivated by the improved living comfort and the strong prospects for long-term property value appreciation,” said Vlad Musteață, CEO of North Bucharest Investments.

The Bucharest real estate market remains the most sought-after destination for those looking to make a secure and profitable investment. In fact, Bucharest tops the list of cities in Romania with the most apartments and houses transacted in July 2024.

According to ANCPI, the top is followed by Cluj – 898, Ilfov – 895, Constanța – 860, Brașov – 827, and Timiș – 825 houses and apartments sold in July 2024.

The substantial increase in sales indicates growing buyer confidence in the potential of this market. Modern infrastructure, strategic location, and easy access to essential services remain key factors attracting an increasing number of investors and buyers.