19.5% more homes sold in Bucharest in October 2024 compared to September

According to data provided by the National Agency for Cadastre and Land Registration (ANCPI), in October 2024, there was a 19.5% increase in home sales in the Capital compared to the previous month, with 4,970 properties sold compared to 4,158 units purchased in September 2024.

"The real estate market in Bucharest continues to see month-over-month growth in sales, and the official data reflects strong demand, particularly for new homes and increased interest from investors making real estate purchases to achieve attractive returns from rental or resale operations," said Vlad Musteață, CEO North Bucharest Investments.

The demand for residential properties is also strengthening at the national level.
In October, a total of 17,709 homes were transacted in Romania. According to ANCPI, after Bucharest, the cities with the highest number of sales were Ilfov with 1,222 units sold, Iași with 1,216, Timiș with 1,001, Constanța with 965, and Brașov with 939 homes.

"The numbers show the popularity of the residential market in these areas, as well as accelerated real estate development, which attracts both investments and buyers looking for more comfort. Factors such as modern infrastructure, property locations, and proximity to educational institutions, hospitals, major commercial areas, or office centers significantly contribute to the growing interest in property acquisitions," emphasized Vlad Musteață, CEO North Bucharest Investments.

In this context of general market growth, North Bucharest Investments reported 141 transactions in October 2024, with a total value of €21.9 million. Compared to September 2024, when 134 transactions worth €18.5 million were completed, North Bucharest Investments saw a 5.2% month-over-month increase in the number of transactions and an 18.2% increase in their value.

Furthermore, compared to October 2023, when 53 transactions were recorded, the results in October 2024 reflect a significant 166% increase.

Bucharest remains a benchmark for the domestic real estate market, both due to the long-term appreciation of properties, the decrease in available stock, and the potential gains that investors can achieve by diversifying their portfolios in a market with high potential.

North Bucharest Investments

North Bucharest Investments (NBI) is a group of companies in the residential real estate segment, operating in two main areas: investment activity and intermediary services.
NBI Group was founded in 2011 in the Republic of Moldova by businessman Vlad Musteață, and since the summer of 2022, it has expanded into the Romanian market.
In 2023, North Bucharest Investments recorded over 400 real estate transactions in new residential developments in the northern area of the Capital. In the past year alone, the company’s turnover doubled from 20 million lei to 42 million lei.
NBI manages the most important residential developments in the northern part of Bucharest, and the company’s activity stands out through dedicated digital marketing services, sales consultancy with experience in selling new residential complexes, and tailored communication of portfolio developments on social media, all of which maximize the sales results of all the residential complexes in the company’s portfolio.