July brought record apartment sales in Romania, amid a VAT hike, with Bucharest and Cluj-Napoca topping the list.
Delia Niculescu
Current Affairs
foto:shutterstock
Always see our news on Google
In July 2023, the residential market in Romania saw record apartment sales, boosted by the announcement of a VAT increase from 19% to 21%. In Bucharest, more than 5,000 apartments were sold and in Cluj-Napoca, transactions exceeded 1,000, the highest level in three years. Although Timisoara saw a slight increase, Iasi saw a decrease. The majority of buyers were individuals, and many developers have pledged to partially cover the VAT increase. The market is maturing, with an emphasis on sustainable and quality projects.
Sources
Colliers: Piaţa rezidenţială a avut vânzări record în iulie, ultima lună cu TVA redus . ” În mod tradiţional, vârfurile de vânzări se înregistrau în luna decembrie. Acum însă, regulile jocului s-au schimbat pe parcursul anului, iar piaţa a fost nevoită să se adapteze”
Vânzări record pe piaţa rezidenţială, în ultima lună, cu cotă redusă de TVA
Românii aflați în căutare de apartamente s-au grăbit să facă achiziții în ultima lună cu TVA redus. Analiză Colliers: Vânzari record pe piața rezidențială în iulie
Latest News
17:41
Prince Harry and his wife, Meghan, have returned to the United Kingdom
17:36
Poland and Spain will jointly acquire at least seven Airbus A330 MRTT aircraft through the SAFE program.
17:30
Dubai International Airport has recorded a decrease in passenger traffic due to disruptions caused by the war in Iran.
17:29
Meta pays 17 billion dollars for a settlement in the lawsuit regarding social media addiction
17:17
FABC, letter to Ilie Bolojan and the head of CNAS: Three oncology medications are missing, and another eight have supply issues.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
