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Saturday | October 24 | 2020

Only 13% of the 9.1 million Romanian residences were built in the last 30 years

Approximately 1.22 million new residencies were built in Romania between 1990 and 2019, representing only 13.4% of the total dwellings stock, according to Cushman & Wakefield Echinox.

In only three counties the share of residences built in the last 30 years exceeds the 20% threshold – Constanța (22.1%), Cluj (22%) and Suceava (21.4%), at the opposite pole being Teleorman (5,6%), Hunedoara (5.6%) and Caraş-Severin (4.1%), where the residential stock is dominated by an overwhelming precentage of dwellings built more than 30 years ago.

Almost half of Ilfov residences are new

In the Bucharest – Ilfov region, the share of residences built between 1990 and 2019 is 16.8%, with a significant difference between the Capital (10.3%) and Ilfov county (46.1%).

In total absolute numbers, both in Bucharest and Ilfov, 90,000 residences have been built over the last 30 years.

After Bucharest and Ilfov, the largest residential markets over the last 30 years are Cluj (77,074 new homes), Constanța (66,645 units), Iași (59,948), Suceava (58,557) and Timiș (48,714).

The most active residential markets in Romania, in terms of deliveries made between 1990 and 2019

CountyFinalised residences 1990 – 2019Residential stock     (End of 2019)New residential share       (1990 – 2019) in total
Source: Cushman & Wakefield Echinox, based on the National Institute of Statistics data

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