Housing Index in Romania increased to 162.38 points in the second quarter of 2025 from 161.75 points in the first quarter of 2025. This dataset provides - Romania House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Romania house prices grew 4.7% YoY in Jun 2025, following an increase of 4.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2010 to Jun 2025, with an average growth rate of 6.2%.
• House price data reached an all-time high of 8.5% in Jun 2022 and a record low of -17.1% in Dec 2011.

CEIC calculates House Prices Growth from quarterly Residential Property Price Index. The National Institute of Statistics provides Residential Property Price Index with base 2015=100. House Prices Growth covers Residential Settlements only. House Prices Growth prior to Q1 2017 is calculated from Residential Property Price Index with base 2009=100.

Property market metrics including price-to-income ratio, rental yields, and price trends

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

Romania - House price index was 4.70% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - House price index - last updated from the EUROSTAT on December of 2025. Historically, Romania - House price index reached a record high of 8.50% in June of 2022 and a record low of -14.00% in December of 2011.

The Romanian real estate sector recorded a total investment volume of over *** million euros in the first half of 2024, which was *** percent more than in the first half of 2023. There were ** transactions, the largest one had a value of ***** million euros for the purchase of the nationwide Globalworth portfolio by CTP. After the pandemic the share of office investment volume dropped from ** percent to ** percent, and in Romania's first half of 2024 only one transaction was made — accounting for three percent of investment volume. The industrial sector accounted for two thirds of the investments, followed by almost a quarter for the retail sector.

The Romanian housing market has seen a remarkable shift over the past two decades, with the time required to purchase an apartment in Bucharest dropping significantly. In 2008, it took an average earner nearly 33 years to afford a home in the capital. Fast forward to 2024, and that timeframe has shrunk to just *** years, marking a dramatic improvement in housing affordability for Bucharest residents. One room in Cluj or three in Arad? While Bucharest's housing market has become more accessible, other Romanian cities show varying degrees of affordability in their rental markets. Cluj-Napoca consistently ranks as one of the most expensive cities for renters, with one-room apartments averaging *** euros per month and two-room apartments reaching *** euros monthly as of October 2024. In contrast, Arad offers more budget-friendly options, with three-room apartments available for *** euros per month on average. Homeownership high as always Despite the improving affordability in Bucharest, Romania maintains a high rate of homeownership. The country has historically seen owner-occupancy rates above ** percent, though this figure slightly decreased to **** percent in 2022 before rebounding to **** percent in 2023. Interestingly, property price inflation has moderated in recent years. The House Price Index showed minimal growth of *** percent in the second quarter of 2024 compared to the previous quarter, a stark contrast to the negative inflation rate of **** percent observed in the third quarter of 2020. This stabilization in property prices may contribute to the sustained high levels of homeownership across the country.

In 2024, Romania's industrial modern stock reached 7.9 million square meters after delivering 690,000 square meters of leasable new supply, 40 percent higher than in 2023. The capital, Bucharest, was the most concentrated region, with 28 percent, or approximately 193,000 square meters, of the industrial new supply.

View quarterly updates and historical trends for Romania House Price Index. Source: Eurostat. Track economic data with YCharts analytics.

The annual supply of new office space in 2023 in Bucharest was 126,667 square meters and is forecasted to drop to 18,300 square meters by the end of 2024, which will be from two small office buildings. The highest ever office supply was achieved in 2009 at 450,000 square meters, while the lowest is expected to be registered in 2025 at zero square meters due to postponement of projects.

The size of the Europe Office Real Estate Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.00">> 4.00% during the forecast period. The Europe office real estate market refers to the segment of the property market focused on the development, leasing, and sale of office spaces across European countries. This market includes a wide range of properties, from high-rise office buildings in major cities to smaller office spaces in suburban areas. The demand for office real estate is influenced by various factors, including economic growth, corporate expansion, and trends in workforce dynamics. In recent years, the rise of hybrid and remote working models has reshaped the office real estate landscape, leading to a greater focus on flexible workspaces, coworking spaces, and adaptable office layouts that accommodate changing business needs. Key markets for office real estate in Europe include major business hubs such as London, Paris, Frankfurt, and Amsterdam, where demand is driven by multinational corporations, financial institutions, and tech companies. These cities tend to have higher rental rates and more competitive markets due to the concentration of businesses and economic activity. Secondary cities and regional markets are also growing, offering more affordable office space and appealing to companies looking to decentralize or relocate to less expensive areas. Recent developments include: May 2023: CBRE Group, Inc. announced that its property management group has formed a global strategic partnership with Deepki that will bring Deepki Ready, one of the world's most extensive landlord-focused real estate sustainability data intelligence platforms to the commercial properties CBRE manages for investors around the world. CBRE has been using Deepki for properties it manages in the United Kingdom for more than two years; Deepki is now being deployed across CBRE-managed properties throughout Continental Europe, with plans to begin using Deepki in the Americas and the Pacific region as the next step in a global rollout., April 2023: Global real estate professional services firm JLL and iO Partners announce that JLL will transfer its existing Leasing, Capital Markets, Valuation Advisory, Consulting, and Project Management delivery businesses to iO Partners in the Czech Republic, Hungary, Romania, and Slovakia. The two companies have formed a preferred partnership enabling them to service clients in the Czech Republic, Hungary, Romania and Slovakia. The agreement will give iO Partners a strong presence in these four countries with experienced employees, efficient systems and processes, and a strong ongoing partnership with JLL.. Key drivers for this market are: Economic Growth, Urbanization and Urban Renewal; Foreign Investments in the Sector. Potential restraints include: The Uncertainty Surrounding Brexit. Notable trends are: Offices Remain a Core Sector.

Context

As a Computer Science student willing to continue its studies in Bucharest, I decided to take a look at what the real estate market has to offer in this city. The main focus was to gather some data on the rental prices, since I didn't intend to buy a house any sooner (something way too expensive for me at the moment haha). However, out of curiosity, I tried to take a peek at house prices, so there is some data on that part too.

Content

The data contains different details extracted from renting house advertisements, like location area, house comfort, number of rooms, construction year etc. All of the information has been collected during September 2020, for Bucharest, RO.

Acknowledgements

All the data has been collected from www.imobiliare.ro thanks to a personal small Node.js application which I carefully constructed so that it would not harm the platform's server with too many requests at a time (also the reason why the entire data collecting process has taken a ridiculously long time).

Data Rights

This dataset was originally intended just for personal use, and maybe for some university personal projects. In case you need to use this data for any kind of research, let me know. Since all the data was made publicly available through advertisements, and no sensitive data has been taken, there should not be problems regarding data rights, as long as imobiliare.ro is recognized as the original data creator.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

In the first half of 2024, Romania's net office take-up was ****** square meters. A quarter of this space was occupied by the business services sector, closely followed by the tech sector, which had the highest take-up share in Bucharest. Genesis College's largest new lease on the market was for approximately 10,000 square meters.

Revenue is forecast to contract at a compound annual rate of 2% over the five years through 2025 to €44.7 billion. This is mostly the result of COVID-19 restrictions dampening downstream demand in 2020. While 2021 saw some recovery, poor economic conditions since 2022 have stifled any significant recovery, continuing to weigh on the industry’s revenue performance. In 2025, revenue is slated to dip by 1.1% owing to the cooling housing market, despite significant investment in civil engineering projects across Europe. Despite public funding and support for new residential properties, a weaker housing market has limited stone and aggregates demand from property developers. This is primarily the result of persistently high interest rates, inhibiting borrowing and investing. Another key factor is the decline in cement and concrete manufacturing (two key downstream markets) in Europe since 2021, according to CEMBUREAU, owing to construction companies moving towards lower embedded CO2 construction materials. Still, revenue has been propped up by growing demand from non-construction markets, like glass manufacturers, fertiliser manufacturers and other industrial and building-environment solutions applications (like sand and gravel being used to prevent coastline erosion) Over the five years through 2030, revenue is forecast to grow at a compound annual rate of 2.5%, to €50.7 billion. Economic conditions are likely to remain fairly weak in the short to medium term as inflation remains above the universal 2% target. The elevated rate of inflation will ensure central banks delay any reductions in the base rate, keeping the cost of borrowing high for would-be home buyers. Weaker demand for houses will contribute to weak price performance and disincentivise developers from increasing production, weighing on activity levels in the construction sector. However, pockets of opportunity will remain in alternative uses of stone, clay, gravel and sand.

The number of individual dwelling transactions has fluctuated in the past few years, reaching the lowest number in 2019 at *******, and the highest peak recorded in 2021–*******. Bucharest was by far the most busy real estate market, accounting for **** percent of total transactions. Out of all the large cities, only Pitesti and Ploiesti had a positive number of transactions growth compared to 2022—up by ** percent each.

The growth rate of the retail parks segment is higher than that of malls, with their share in the market increasing from ** percent in 2022 to ** percent in 2023. In 2022, ****** million euros were invested in this segment, and the market is expected to reach *** million euros in 2023.      Retail Spaces in Romania            In Romania, the retail landscape is undergoing dynamic shifts, with retail park deliveries witnessing a consistent uptrend. Projections indicate that by the end of 2023, the annual retail park supply will surge to ******* square meters (about the area of The Vatican).The aggressive expansion of modern trade stores has impacted the growth of traditional trade stores in the first quarter of 2022. Despite traditional trade stores and minimarkets experiencing the highest value growth at **** percent, traditional stores suffered a negative network growth of *** percent.      Clothing Market          In 2022, Romania's clothing market witnessed distinct trends, with ** percent of Romanians opting for second-hand stores. A survey revealed that the primary motivation for second-hand shoppers was cost reduction. Meanwhile, ** percent of Romanians, reacting to rising gas prices, chose to lower room temperatures and layer up for warmth. The survey on warm clothing prices indicated that nearly a third of e-shoppers perceived a significant price increase throughout the year. Noteworthy players in Romania's clothing retail sector included Pepco and Inditex, holding the top positions in 2022 with revenues exceeding *** and *** billion Romanian lei, respectively.

The number of permits issued fluctuated overall during the period under observation, reaching approximately ****** as of 2023. The covered residential area of those permits amounted to over **** million square meters. Bucharest was the most significant development market, with nearly *********** square meters of net authorized residential area, which decreased by ** percent compared to 2022. Overall, all cities, except Iasi, dropped their authorized residential area in 2023; the exception was due to the undersupplied market of dwellings in the area.

Romania's industrial and logistics real estate market showed robust growth in 2023, with average rents reaching *** euros per square meter. This figure reflects the increasing demand for industrial space across the country, particularly in major cities like Bucharest and Cluj-Napoca. The capital city, Bucharest, commanded the highest rent at *** euros per square meter, underscoring its position as the primary hub for industrial and logistics operations in Romania. Expanding industrial landscape The industrial sector in Romania has been experiencing significant expansion. By 2024, the country's modern industrial stock reached *** million square m, with ******* square m of new leasable space added, which represents a ** percent increase compared to 2023. Bucharest continued to dominate the market, accounting for ** percent of the new industrial supply. The growth trend is expected to continue, with an additional ******* square m projected to be completed by the end of 2024. Regional centers attractive to investors While Bucharest remains the focal point of industrial and logistics activities, other regions are also seeing development. The Western and North-Western regions collectively held about **** percent of the total stock. Cities like Cluj-Napoca, Timișoara, and Brașov are attracting investments, with rental rates slightly lower than the capital. In terms of available space, over ******* square m were ready for rent in 2023, with Bucharest holding nearly ** percent of this stock. Timișoara followed as the second most available market with ****** square m, indicating growing interest in regional industrial hubs.

Among the factors that influence mortgage interest rates are inflation, economic growth, monetary policies, the bond market, lenders' stability, and the housing market's overall conditions. The mortgage interest rate in Romania fluctuated during the period under observation, with an upward trend from the second quarter of 2017 onwards. The first quarter of 2023 reached the highest value recorded — **** percent; by the fourth quarter of 2024, it dropped to **** percent.