Romania completes over 636,000 homes in a decade

Over the past decade, Romania has successfully completed 636,310 homes, marking a significant achievement in the housing sector. This surge in construction reflects a growing demand for residential properties across the country.

The annual delivery of homes has seen a remarkable increase, rising from 52,200 units in 2016 to a peak of 73,300 in 2022. Although the number of completed homes in 2025 reached around 59,000, it was 19.5% lower than the peak year of 2022. However, this figure still represents a 13% increase compared to the number of homes completed in 2016.

Per capita, Romania registered 32.9 completed homes for every 1,000 residents, positioning it competitively against other countries in the region. For instance, Germany had 33.6, while the Czech Republic had 31.5 completed homes per 1,000 residents. Romania's housing statistics show a positive trend, even as it navigates challenges in the market.

In the major cities, Bucharest led with 93,850 completed units from 2016 to 2025, followed by Cluj-Napoca with 25,200 and Brașov with 22,300. Notably, Brașov excelled with 94 completed homes per 1,000 residents, the highest among the analyzed cities. Cluj-Napoca also performed well, achieving 88 homes per 1,000 residents.

The housing market in Romania peaked in 2022 but has seen a modest decline since then, with a decrease of 3.2% in 2023 and 14.1% in 2024. In 2025, the trend continued with a 3.1% drop. In Bucharest specifically, 9,361 homes were completed in 2025, about 32% less than the peak of 13,834 in 2023, yet still representing a growth of nearly 144% compared to 2016.

Regional performance varies, with Cluj-Napoca's deliveries falling to 957 in 2025 from a high of 4,175 in 2019. Brașov completed 1,283 units that same year, while Timișoara and Iași reported 793 and 780 homes completed, respectively.

Experts like Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox, emphasize that factors such as location, accessibility, and infrastructure will increasingly influence future housing developments in Romania. The local market is adapting to meet the needs and purchasing power of potential buyers, which bodes well for the continued evolution of Romania's residential landscape.