Over 4,500 apartments are currently under construction in the Mamaia resort, of which more than 3,000 are scheduled for delivery in 2021. Recording a delivery volume of over 3,000 homes in 2021 would be synonymous with an increase of over 50% compared to the level recorded in 2019, the last year with available official data.<\/p>\n\n\n\n
In Navodari \u2013 Mamaia, over 8,000 homes have been delivered in the last 5 years, according to data from the National Institute of Statistics and SVN Romania, most of them being purchased as holiday homes or for rental purposes during the summer tourist season.<\/p>\n\n\n\n
Maria Andrei, Vice President of SVN Romania, stated that the Mamaia area has been experiencing extensive development in the residential segment for several years. The pandemic and international restrictions led to an occupancy rate of over 95% during the July \u2013 August \u2013 first half of September period, as tourists chose the Romanian seaside over international destinations. 2021 will bring the completion of several large-scale projects with multiple facilities, such as swimming pools, fitness rooms, or commercial spaces, which also offer integrated management services.<\/p>\n\n\n\n
Achieving a 70% occupancy rate during the summer season through tourist rentals would bring a buyer of a double studio in Mamaia an annual yield in euros of approximately 10%, or EUR 7,500, according to the rental rates from the 2020 season.<\/p>\n\n\n\n
Reaching an occupancy rate as high as possible, towards 100%, can bring annual revenues of over EUR 10,000 during the summer period, an amount from which monthly administration, maintenance, and cleaning costs must be deducted, which can rise up to EUR 200 per month. The potential of the Mamaia area has attracted the completion of more residential units in recent years compared to the city of Constanta, where over 7,000 homes have been handed over in the last 5 years.<\/p>\n\n\n
Deliveries are expected to increase by over 50% compared to 2019, with more than 3,000 units scheduled for completion.<\/p>\nWhat rental yields can investors expect in Mamaia?<\/strong>\n A double studio can generate an annual yield of approximately 10% (around EUR 7,500) with a 70% occupancy rate during the summer season.<\/p>\nHow many homes were recently built in the Navodari-Mamaia area?<\/strong>\n Over 8,000 units have been delivered in the last 5 years, mostly serving as holiday homes or tourist rentals.<\/p>","protected":false},"excerpt":{"rendered":" Over 4,500 apartments are currently under construction in the Mamaia resort, of which more than 3,000 are scheduled for delivery in 2021. Recording a delivery volume of over 3,000 homes in 2021 would be synonymous with an increase of over 50% compared to the level recorded in 2019, the last year with available official data.…<\/p>\n","protected":false},"author":0,"featured_media":70139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[2979],"thb-sponsors":[],"class_list":["post-118045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-mamaia-en"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/investitii-3.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=118045"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/70139"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=118045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=118045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=118045"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=118045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}