Colliers: Romania’s housing market entered cooling phase in 2025 as buyers grew more cautious

Romanian consumer confidence has dropped to one of its lowest levels in the past 15 years, consultancy company Colliers said in a recent report. After several years of record demand, Romania’s housing sector entered 2025 in a cooling phase as buyers grew more cautious.

Consumer sentiment saw its steepest half-yearly decline since the 2009–2010 financial crisis, excluding the short-lived pandemic shock, Colliers noted. This downturn, however, is expected to be deeper and longer-lasting, weighed down by a weaker labour market, political instability, and fiscal changes eroding household purchasing power.