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
08:58
A new registration session for the Rabla Program 2026 starts today. Over 93 million lei are once again available to individuals.
08:51
EXCLUSIVE | August 25, 2026. Trends in online searches / last 24 hours
08:33
UPDATE A new RO-Alert message was issued on Tuesday morning for the northern part of Tulcea County. Residents were warned about the possibility of falling objects / Two F-18 planes were launched after an aerial threat was detected near the border with Ukraine.
08:23
Dragos Pîslaru illustrates with a joke the PSD's game regarding the situation of the interim government: "You push an old lady and ask her why she is in a hurry. Exactly this is happening at this moment!"
08:08
The Trump administration intends to withdraw business and travel visas for up to 200,000 foreigners who have applied for asylum in the USA.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
