SVN Romania | Romania Feed

Romania has some of the most affordable mortgages in the European Union, taking into account national average wages and the costs of buying a two-room apartment via a 25-year mortgages, reveals a report drawn up by SVN Romania Credit & Financial Solutions, the financial consulting and mortgage lending part of SVN Romania.

Andrei Sarbu, CEO and founder of real estate consulting firm SVN Romania, one of the largest real estate consulting firms in Romania and leader of the housing segment, with over 15 housing projects in its portfolio, has taken over control of the company, becoming its sole stakeholder by acquiring the stake held by Ionut Nicolescu, former chairman and co-founder of SVN Romania.

Around 19,000 houses and apartments are likely to be delivered in 2023 in Bucharest and neighboring areas, down by 11% from last year, in line with a market report published by real estate consultancy SVN Romania.

The affordability of buying a new home in Bucharest, calculated by real estate company SVN Romania, inched down by 1.5% in the past year, with 103.8 average salaries (8.6 years) being needed for the purchase of a two-room apartments, compared with 102.3 average salaries (8.5 years) in September 2021.

Housing prices in Romania’s capital city Bucharest are among the most affordable in the European Union (EU), in line with a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices across EU capital cities.

Over 27,000 homes are under construction at this moment in Bucharest and its surrounding according to a report released by real estate consultant SVN Romania. This is the largest number of dwellings under construction in the region in the modern history of the local residential market.   Of the homes under construction, approximately 21,000 dwellings […]

More than 27,000 homes are currently under construction in capital Bucharest and its surroundings, being the largest number of housing units under construction in the region in the modern history of the local residential market, as per the “Romania Residential Market Genome 2022” report released by real estate consulting firm SVN Romania.

Over 24,000 housing units are currently under construction in capital Bucharest and its surroundings, of which up to 20,000 could be delivered in 2021, depending on whether real estate developers will maintain their current development rates, per estimations of the “Residential Market Genome 2021” market report by real estate consulting firm SVN Romania.