Some 23% fewer residential properties traded in Romania during Q1
About 33,000 housing units - houses and apartments - were sold in Romania in the first quarter of 2023, according to data published by the National Agency for Cadastre and Real Estate Advertising (ANCPI), down by 23% or 10,000 units versus the same period in 2022.
This represents the lowest quarterly trading volume reported since 2021, according to data from ValorEasy, an independent real estate market research and residential property valuation platform, quoted by Ziarul Financiar.
Thus, the downward trend of transactions observed since the second half of last year is accentuated - in Romania, in the fourth quarter of 2022, 6% fewer properties were sold compared to the fourth quarter of 2021.
The adjustment of demand in the first three months of 2023 compared to the previous year indicates a decline in 35 counties, including Bucharest, and an increase in 7 counties.
iulian@romania-insider.com
(Photo source: Dreamstime.com)
