Romania’s residential market saw a sharp acceleration in July, recording record apartment sales both in Bucharest and in other major cities. Buyers rushed to complete transactions ahead of the removal of the reduced VAT rate, according to Colliers data.
In Bucharest, just over 5,000 apartments were sold – the third-best performance in the past two and a half years – with nearly half of all transactions taking place in the Western and Eastern parts of the city.
In Cluj-Napoca, July saw over 1,000 transactions – the highest level in the past three and a half years. By contrast, Timișoara posted only a slight increase compared with the previous month, while sales in Iași slowed noticeably.
Looking at the first seven months of 2025, Bucharest recorded a 7% decline compared with the same period in 2024, Timișoara was down 3%, and Iași dropped by 25%, while Cluj-Napoca posted a solid 14% increase. At the national level, the market remains broadly in line with 2024.
In addition to the transactions officially recorded in July, the figures also include numerous pre-contracts signed by 1 August, through which buyers secured the application of the reduced VAT rate. Under the regulations in force, these transactions will be eligible for the tax relief provided the property is delivered by 1 August 2026.
Articolul Record sales in the residential market during the final month of reduced VAT a fost publicat prima dată în Money Buzz! • Știri Economice, Știri Financiare, Știri Business