July brought record apartment sales in Romania, amid a VAT hike, with Bucharest and Cluj-Napoca topping the list.
Delia Niculescu
Current Affairs
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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
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