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
11:32
Europol: Chinese artifacts are becoming targets for planned thefts from European museums
11:26
Nicuşor Dan and Volodymyr Zelensky were invited by Maia Sandu to the events dedicated to the 35th anniversary of the independence of the Republic of Moldova.
11:18
Vice President J.D. Vance referred to Canada as "it" during a meeting, then corrected his mistake: "Sorry, Freudian slip"
11:10
Two political groups in the European Parliament are asking the European Commission to block the funds from the PNRR due to the "Fritz amendment" in the new Integrity Law.
11:10
The new CNAS portal, eSanatateaMea, available for all patients from September 1
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
