Business Forum • 8 July, 2024 at 1:51 PM
According to data provided by the National Agency for Cadastre and Real Estate Publicity (ANCPI), 27% more homes were sold in the capital in June 2024 compared to the same month last year, specifically 3,862 units compared to 3,043 units purchased in 2023.
"This significant sales growth highlights the high demand for new homes, driven by the constant increase in rental prices and the high yields generated by real estate investments. In this positive context, North Bucharest Investments recorded almost double the growth rate compared to the average sales rate in the capital. We completed 72 transactions in June 2024, 50% more than the units sold in the same month last year. The significant increase in sales reflects buyers' growing confidence in the potential of this market. Key factors such as modern infrastructure, good location, and access to essential facilities continue to attract an increasing number of investors and buyers," says Vlad Musteață, CEO of North Bucharest Investments.
The Bucharest real estate market remains a top destination for those seeking a safe and profitable investment. In fact, Bucharest ranks among the cities with the highest number of apartments and houses transacted in June 2024.
According to ANCPI, the top is followed by Timiș with 866, Ilfov with 691, Constanța with 589, Cluj with 569, and Brașov with 551 units sold in June 2024.
North Bucharest Investments
North Bucharest Investments (NBI) is a group of companies in the residential real estate segment, operating in two business lines - investment activities 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 also entered the Romanian market.
The North Bucharest Investments Group recorded over 400 real estate transactions in 2023, in new residential complexes in the northern area of the Capital. In just the last year, the company's turnover has doubled from RON 20 million to RON 42 million.
NBI manages the most important residential complexes in the northern area of the Capital, and the company's activity is differentiated by dedicated digital marketing services, experienced sales consultancy in selling new residential complexes, and customized communication of the portfolio's complexes on social media, all maximizing the sales results of all residential complexes in the company's portfolio.