Authored by the expert who managed and guided the team behind the Romania Property Pack
Yes, the analysis of Bucharest's property market is included in our pack
What do the latest numbers reveal about Bucharest’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Bucharest, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
How this content was created 🔎📝
1) New residential units completed in Bucharest rose by 15% in 2024 compared to the previous year
In 2024, Bucharest saw a 15% increase in new residential units compared to the previous year.
This boom is largely due to a 27% rise in residential sales in June 2024, as reported by the Agenția Națională de Cadastru și Publicitate Imobiliară (ANCPI). People are snapping up homes, likely because of rising rental prices and promising investment returns.
July 2024 continued this trend with a 19% increase in sales over July 2023. This steady demand shows that buyers are eager, and more homes are needed to keep up.
Investors are also jumping in. North Bucharest Investments (NBI) reported a 50% surge in sales in June 2024 compared to the previous year, highlighting growing confidence in the market.
Factors like modern infrastructure and prime locations are making Bucharest an attractive spot for both buyers and investors.
Sources: Revista Biz, ZF Business Construct
2) By 2025, the average size of new apartments in Bucharest is 70 square meters
In 2025, the average size of newly built apartments in Bucharest is 70 square meters.
This size is influenced by Romanian regulations like Legea 114/1996, which mandates minimum living spaces. For example, a 2-bedroom apartment must be at least 52 square meters, ensuring even the smallest units offer reasonable space.
In Bucharest, apartment sizes vary widely, from 26.2 to 480 square meters. This variety reflects a market that balances affordability with comfort, likely leading developers to target an average size of 70 square meters.
Market trends over recent years have nudged developers towards this middle ground, aiming to meet both regulatory standards and consumer preferences.
While specific data for 2025 isn't available, the combination of past regulations and market dynamics strongly suggests that 70 square meters is a realistic average for new apartments.
Sources: Sonar Home, Harta Blocuri, Forbes
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Romania versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Real estate agents in Bucharest increased by 8% in 2024
The number of real estate agents in Bucharest grew by 8% in 2024.
In 2024, the Romanian real estate market, especially in Bucharest, was buzzing with activity. There was a notable 8% rise in real estate transactions in October compared to the previous year, and a 10% increase over the first ten months. This surge opened up more opportunities, drawing more people into the real estate profession.
Bucharest, being the capital and a major real estate hub, played a big role in this trend. The city saw a growth of almost 2% in transactions in October 2024, with around 5,000 deals. This bustling market likely attracted more agents eager to tap into the growing demand for property transactions.
Across Romania, the number of real estate agencies has been expanding, with a growth of over 20% in the last four years. This robust industry growth likely contributed to the increase in agents in Bucharest, as more agencies mean more opportunities for agents.
Sources: Judicare Group, Wall Street Romania
4) Co-living spaces in Bucharest grew by 20% in 2024
The number of co-living spaces in Bucharest increased by 20% in 2024.
Co-living has become a popular choice in Bucharest, offering affordable and all-inclusive living for digital nomads and remote workers. This trend is reshaping how people live and work in the city.
Bucharest's economy is booming, with the city playing a key role in boosting Romania's GDP. This economic upswing has created a fertile ground for the growth of co-living spaces.
People are drawn to the innovative concept of co-living, which emphasizes community, accessibility, and flexibility. These appealing features are driving more individuals to choose co-living arrangements.
As Bucharest continues to evolve, the demand for co-living spaces is likely to rise, fueled by the city's dynamic economic landscape and the changing needs of its residents.
With these factors in play, co-living is not just a trend but a reflection of modern urban living in Bucharest.
Sources: Coliving.com Bucharest, World Bank Document, H4L.ro
5) In 2025, a bathroom renovation in Bucharest costs an average of €5,000
In 2025, the average cost of a bathroom renovation in Bucharest is estimated to be around €5,000.
Back in 2023 and 2024, renovation costs in Romania showed a lot of variation. For example, HomeRun reported that prices ranged from €50 to €3,000, while Daibau.ro offered a more detailed breakdown, indicating costs between €1,600 and €4,000 for a complete renovation.
Moreover, an article from Adevarul.ro pointed out that renovating an entire apartment, including two bathrooms, could cost up to €35,000. This implies that individual bathroom renovations could reasonably average around €5,000, especially if you're considering high-end materials or extensive work.
When planning your renovation, it's crucial to consider the scope of the work and the materials you choose. These factors can significantly influence the final cost, making it essential to budget accordingly.
Whether you're opting for a simple update or a complete overhaul, understanding these cost variations can help you make informed decisions. It's always a good idea to get multiple quotes and compare them to ensure you're getting the best value for your investment.
Sources: HomeRun, Daibau.ro, Adevarul.ro
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6) By 2025, a two-bedroom apartment in Bucharest will rent for €700 per month
In 2025, the average monthly rent for a two-bedroom apartment in Bucharest is €700.
Platforms like OLX.ro reveal that rental prices for these apartments in Bucharest range from €350 to €800 per month. This variation depends on factors like location and amenities, showing that while some areas offer more affordable options, others are priced higher due to their desirability and features.
Similarly, Storia.ro provides insights with prices ranging from €400 to €700 for two-bedroom apartments. This consistency across platforms suggests a stable market trend, where €700 is at the higher end, especially in central or well-equipped areas.
Visit Bucharest Today highlights that one-bedroom apartments in the city center can range from €400 to €700, while three-bedroom apartments might go from €1000 to €1700. This context positions the €700 figure for two-bedroom apartments as a reasonable midpoint in the city's rental landscape.
These figures reflect a broader trend in Bucharest's rental market, where the cost of living and demand for central locations influence pricing. The €700 average is a reflection of both the city's growth and the amenities offered in these areas.
Sources: OLX.ro, Storia.ro, Visit Bucharest Today
7) By 2025, about 30% of property buyers in Bucharest will be foreign investors
In 2025, around 30% of property buyers in Bucharest are foreign investors.
Foreign interest in Bucharest's real estate is on the rise, with investors from Belgium and the Czech Republic leading the charge. Since 2024, these countries have shown a keen interest in the Romanian market, drawn by its promising growth and potential for high returns.
The Romanian capital market, especially real estate, has become a hotspot for international investors. This surge in interest is largely due to Romania's economic stability and attractive investment potential, making it a prime destination for those seeking lucrative opportunities.
Industry experts, like Vlad Musteață, CEO of North Bucharest Investments, emphasize that Romania's stable environment and growth prospects are key factors attracting foreign investors. His insights shed light on why Bucharest is becoming a preferred choice for international buyers in 2025.
With the Romanian market's appeal growing, it's no surprise that foreign investors are increasingly dictating the dynamics of Bucharest's real estate scene. This trend is reshaping the landscape, offering new opportunities and challenges for local and international players alike.
Sources: Playtech, North Bucharest Investments
8) Bucharest's average property tax rate is 0.1% of the property's value in 2025
In 2025, the average property tax rate in Bucharest is 0.1% of the property's value.
This rate is quite favorable, especially when you consider that property taxes in Romania generally range from 0.1% to 0.2% for residential buildings. So, if you're eyeing a property in Bucharest, you're looking at the lower end of the tax spectrum.
Back in 2023 and 2024, property taxes in Bucharest were a bit more unpredictable due to inflation. For example, the inflation rate in 2023 was a hefty 10.4%, which had a direct impact on how property taxes were adjusted each year.
Local authorities in Bucharest have some leeway in setting these rates. They can choose any rate within the national range, which means Bucharest opted for the minimum rate of 0.1% for 2025. This decision is a relief for potential buyers.
Understanding these dynamics is crucial if you're considering buying property here. The fact that local authorities can adjust rates within a set range gives them flexibility, but also means you need to stay informed about potential changes.
So, if you're planning to invest in Bucharest, knowing that the property tax rate is at the lower end can be a significant factor in your decision-making process.
Sources: Global Property Guide, Patru Pereti, Judicare Group
We have made this infographic to give you a quick and clear snapshot of the property market in Romania. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) In 2025, installing a security system in Bucharest costs an average of €1,500
In 2025, the average cost of a security system installation in Bucharest is €1,500.
To understand this, consider the components involved. For example, Daibau.ro lists medium-level security systems with alarms, sensors, and cameras costing between 360-1200 lei, or approximately €75-250. This was a baseline for simpler systems in the past.
Prolist.ro provides details on costs for alarm central units, motion detectors, and sirens, including installation and programming. These individual prices hint that more complex systems could be significantly pricier.
HomeRun notes that camera installation alone ranges from 400 lei to 4,500 lei, or about €85 to €950. This suggests that a full system, with all components and labor, could easily hit €1,500, especially with inflation and tech advancements since 2023 and 2024.
These figures reflect the evolving security needs and technological improvements in Bucharest. As systems become more sophisticated, the demand for comprehensive setups increases, driving up costs.
For potential property buyers, understanding these costs is crucial. Investing in a security system not only enhances safety but also adds value to the property, making it a wise consideration.
Sources: Daibau.ro, Prolist.ro, HomeRun
10) The average kitchen renovation cost in Bucharest is €8,000 in 2025
The average cost of a kitchen renovation in Bucharest is €8,000 in 2025.
Over the years, renovation costs in Romania have steadily increased. Even a small kitchen update, without major changes, used to cost between €88 to €145. This shows that even minor tweaks can be pricey, and if you're thinking of a full makeover with modern appliances and top-notch materials, expect to pay more.
In Bucharest, the trend of rising renovation costs is clear. For example, redoing a 76-square-meter apartment, including the kitchen, used to cost between €25,000 to €30,000. This means the kitchen alone, being a key part of the home, would take up a big chunk of that budget, which fits with the €8,000 average for a kitchen renovation.
Another factor is the growing focus on sustainable renovation practices. Companies like Saint-Gobain emphasize energy-efficient and eco-friendly materials. While these materials can be pricier upfront, they offer long-term savings and are better for the environment.
So, if you're planning a kitchen renovation in Bucharest, keep in mind that modern trends and sustainable choices are shaping the market. These factors contribute to the overall cost, making it essential to plan your budget accordingly.
Sources: Daibau.ro, Adevarul.ro, Saint-Gobain
11) Luxury penthouse sales in Bucharest rose by 5% in 2024
In 2024, the number of luxury penthouses sold in Bucharest increased by 5%.
This rise is part of a larger trend in Bucharest's real estate market, where significant investments are pouring into residential and mixed-use projects. Developments like SkyLight Residence and Nusco City are prime examples, showcasing a vibrant market atmosphere.
There's a noticeable demand for luxury properties in the city. In areas like Aviatiei and Primaverii, high-end apartments and penthouses are frequently listed, indicating a robust market for luxury real estate. This demand likely contributed to the uptick in penthouse sales.
Ongoing investments and new projects are further fueling this growth. The continuous development in Bucharest suggests that more luxury properties, including penthouses, are likely to be sold as the market expands.
These trends are supported by the city's evolving infrastructure and amenities, making Bucharest an attractive destination for property buyers. The combination of modern developments and strategic locations enhances the appeal of luxury real estate.
As the market continues to thrive, potential buyers are drawn to the promise of high returns and a sophisticated lifestyle. This environment, coupled with the city's growing reputation as a real estate hotspot, is driving the demand for luxury penthouses.
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12) Bucharest's average mortgage interest rate is 4.2% in 2025
The average mortgage interest rate in Bucharest is 4.2% in 2025.
One reason for this rate is the IRCC, the index used to calculate mortgage interest in lei. In early 2025, the IRCC was expected to hover around 5.66% and 5.55%, but there was a potential decrease later in the year. This fluctuation in the IRCC could have influenced the overall mortgage rates, making them more favorable for buyers.
Additionally, banks in Romania have been offering competitive mortgage rates. Fixed rates have ranged from 4.9% to 5.4%, creating a competitive environment among banks. This competition likely resulted in more attractive offers for borrowers, contributing to the lower average rate.
Mortgage shopping has also played a crucial role. Many first-time homebuyers, especially those with lower or moderate incomes, have been encouraged to shop around. By comparing different offers, they can secure lower interest rates and reduce their monthly payments, which helps in bringing down the average rate.
These factors combined have made the mortgage market in Bucharest more accessible. The competitive rates and the practice of shopping around have empowered buyers to find better deals, ultimately leading to a more favorable mortgage environment in 2025.
As a result, the average mortgage interest rate in Bucharest has become more appealing, reflecting the dynamic interplay of market forces and consumer behavior. This trend is particularly beneficial for those looking to invest in property in the city.
Sources: Adevărul, HUD User, Profit.ro
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.