5 minutes to Herăstrău Park
3,000 sqm private garden
Integrated smart home system
Underfloor heating system
Charging stations for electric cars
Mauricio Mesa Gomez’s opinion on the dynamic evolution of the real estate market, trends, challenges, and opportunities in the current context

Contrary to some opinions suggesting an imminent real estate crisis, statistical data reflects a robust demand for housing. In July of this year, 4,521 individual residential units were traded in Bucharest, compared to 3,782 in the same period of the previous year.

The improvement in the economic environment led the National Bank of Romania to lower the key interest rate to 6.50% in August 2024, the second consecutive decrease after the one in July, which resulted in the reduction of the three-month ROBOR index to 5.59%. Additionally, new mortgage loans in lei increased in the first half of this year, reaching 22.1 billion lei, almost double the amount recorded in the same period in 2023.

These figures demonstrate a dynamic and expanding residential market, supported by improved macroeconomic and lending conditions.

Mauricio Mesa Gomez - Cordia

Impact of construction costs and emerging trends

The positive evolution in the first half of this year came after a period when construction costs were influenced by inflation and the general economic context. However, innovations and the use of quality materials allowed for efficient management of these costs. The Parcului20 project, completed in 2023, is a clear example, demonstrating that innovative solutions can counteract inflationary pressures.

Regarding industry trends, there is a growing interest in smart and sustainable housing. Smart home systems, underfloor heating, and extensive green spaces are just some of the elements appreciated by customers. The integration of transportation infrastructure, such as the construction of the Pajura metro station, part of Bucharest’s Line 6, contributes to efficient connectivity and reduces dependence on private transportation.

Ongoing projects and future prospects

The Parcului20 project, located in the northern part of Bucharest, is a successful example. It includes 485 apartments aimed at the medium-high residential segment and has revitalized an abandoned industrial area, creating a dynamic and vibrant community. Cordia Romania continues to expand its land portfolio in the northern and central-northern areas of Bucharest, with projects in various stages of permitting.

Romania’s real estate sector has positive prospects, supported by increased demand and interest in technological innovations and sustainability. Projects focused on well-being and an active lifestyle, along with the integration of transportation infrastructure, will continue to attract customers. With an improving economy and decreasing inflation, the real estate sector has the potential to grow and diversify in the coming years.

In addition to these developments, the real estate market must navigate a complex economic and political landscape. The ability to adapt and innovate will be essential to respond to challenges and capitalize on emerging opportunities, ensuring sustainable and durable growth in Romania’s real estate sector.

Contact

Can't wait to hear from you!

We are waiting for you at the sales office to present all the types of apartments you are interested in. Here you can use the 3D application to visualize any apartment layout, orientation and positioning on different floors and within the building, as well as their availability. We can visit the project’s site and the two showroom apartments in the first phase, arranged in collaboration with teams of designers and interior architects.

The sales for the second phase have been launched! Fill in the fields in the right and a colleague will contact you to arrange a visit.

Sales Office address

  • 0759 890 890
  • 031 069 97 40
  • Strada Parcului nr. 20, Bloc 2, Etaj 11, Apartament 1107 (Interfon 1107), Sector 1, București, România
  • Monday - Friday: 10:00 - 19:00

 


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Fill in the fields below to stay updated on upcoming Cordia Romania projects.

I understand that my personal data will be processed by Cordia Romania to send me real estate offers and other information.
To make sure our offer reaches you, also check the Spam/Promotions section.