{"id":122600,"date":"2016-11-28T00:00:00","date_gmt":"2016-11-27T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/coldwell-banker-2016-is-the-best-year-in-the-history-of-the-residential-market\/"},"modified":"2026-03-28T15:35:51","modified_gmt":"2026-03-28T13:35:51","slug":"coldwell-banker-2016-is-the-best-year-in-the-history-of-the-residential-market","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/coldwell-banker-2016-is-the-best-year-in-the-history-of-the-residential-market\/","title":{"rendered":"Coldwell Banker: 2016 is the Best Year in the History of the Residential Market"},"content":{"rendered":"
With a record number of completed homes and an increase in transactions, 2016 will be the best year for the local residential market, according to a study by the real estate consultancy firm Coldwell Banker.<\/div>\n
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Approximately 30,000 homes will be completed this year in residential projects across Romania, a record for the profile segment. Nationally, approximately 9% more real estate transactions were recorded in the first nine months of this year, according to the study cited by Mediafax. <\/div>\n
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The number of home deliveries in Bucharest and its surroundings will reach a new record this year, estimated at approximately 13,000, a 20% increase compared to the previous year. The largest share of these, approximately 53%, falls within the mass market segment, with 2016 also marking a significant increase in the number of projects targeting the middle class, at a percentage of nearly 40%.<\/div>\n
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The adoption of the “giving in payment” law and the exhaustion of the first available ceiling for financing through the “Prima Casa” (First Home) program led to a decrease in new home sales, a decline that was later recovered after the supplementation of Prima Casa funds and after most financing institutions returned to 15% – 20% down payments for a mortgage loan.<\/div>\n
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The study conducted by Coldwell Banker Affiliates of Romania estimates an absorption rate this year of over 70% for homes completed in 2016 in Bucharest, with the remainder to be absorbed by the market mostly within the next six to nine months, depending on developers’ business strategies and macroeconomic conditions. Data from the National Agency for Cadastre and Land Registration (ANCPI) indicates an 8.6% increase in the number of transactions concluded nationally in the first nine months of this year, compared to the same period in 2015.<\/div>\n
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The largest regional residential markets in the country in 2016 were Cluj-Napoca, Constanta, and Sibiu, with over 2,000 units estimated for delivery in each of these areas, followed closely by Brasov, Iasi, and Timisoara. The highest absorption rates for the new supply, over 90%, were recorded in Cluj-Napoca and Brasov according to the Residential Market 2016 Overview study, with the percentage of acquisitions made through bank financing being very low compared to other regions, such as Bucharest.<\/div>\n
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Source: Imopedia\/Media<\/a><\/p>\n

Frequently Asked Questions<\/h3>\n

How many homes were completed in Romania in 2016?<\/strong><\/p>\n

Approximately 30,000 homes were completed nationwide, with 13,000 units delivered in Bucharest and its surrounding areas.<\/p>\n

What factors influenced the residential market in 2016?<\/strong><\/p>\n

The market was shaped by the “giving in payment” law, the temporary exhaustion of “Prima Casa” funds, and the subsequent return to lower bank down payments.<\/p>\n

Which cities had the highest absorption rates for new housing?<\/strong><\/p>\n

Cluj-Napoca and Brasov saw the highest demand, with absorption rates exceeding 90% for newly delivered units.<\/p>\n","protected":false},"excerpt":{"rendered":"

With a record number of completed homes and an increase in transactions, 2016 will be the best year for the local residential market, according to a study by the real estate consultancy firm Coldwell Banker. Approximately 30,000 homes will be completed this year in residential projects across Romania, a record for the profile segment. Nationally,…<\/p>\n","protected":false},"author":0,"featured_media":66414,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2857],"tags":[],"thb-sponsors":[],"class_list":["post-122600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/tranzactii-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/122600","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=122600"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/122600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66414"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=122600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=122600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=122600"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=122600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}