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Real Estate: ANCPI: 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), 4,521 real estate units were sold in Bucharest in July 2024.
• Sales data highlights the high demand for new homes and the need for residents of the Capital to increase comfort and secure their investments.
• North Bucharest Investments (NBI): The company recorded 116 transactions in July 2024, representing an 81% increase 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 Musteata, 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, Constan?a – 860, Bra?ov – 827, and Timi? – 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.
North Bucharest Investments
North Bucharest Investments (NBI) is a group of companies in the residential real estate segment, operating in two business lines - investment activities and intermediary services.
NBI Group was founded in 2011, in the Republic of Moldova, by businessman Vlad Musteata, and since the summer of 2022, it has also entered the Romanian market.
The North Bucharest Investments Group recorded over 400 real estate transactions in 2023, in new residential complexes in the northern area of the Capital. In just the last year, the company's turnover has doubled from 20 million lei to 42 million lei.
NBI manages the most important residential complexes in the northern area of the Capital, and the company's activity is differentiated by dedicated digital marketing services, experienced sales consultancy in selling new residential complexes, and customized communication of the portfolio's complexes on social media, all maximizing the sales results of all residential complexes in the company's portfolio.