North Bucharest Investments - Double the sales in August 2024 compared to 2023

According to data provided by the National Agency for Cadastre and Real Estate Publicity (ANCPI), 3,876 individual units were sold nationwide in August 2024, compared to 4,396 in August 2023 and 4,521 in July 2024. Although the data indicates a slight decline in sales, Bucharest remains an attractive market, recording a 19% increase in sales in July 2024 compared to July 2023.

For North Bucharest Investments (NBI), August 2024 was a successful month. NBI recorded 107 transactions, a significant increase compared to the 58 completed in August 2023, demonstrating that the real estate projects in the company’s portfolio remain attractive to both investors and buyers.

Vlad Musteață, CEO of North Bucharest Investments, commented:

• "Even though we are seeing a slight slowdown in national sales, the Bucharest market, especially in the northern area, continues to be a prime destination for secure investments. Our growth from 58 transactions in August 2023 to 107 in August 2024 highlights the increased interest in our quality projects."

• "Given the market dynamics, investors are drawn to the solid returns and long-term security that real estate offers. Our significant sales growth reflects the growing confidence of our clients in the services and expertise of our team."

This strong performance by NBI in August 2024 confirms that, despite national market challenges, the demand for high-quality, strategically located housing remains high.