CONSTANTA REAL ESTATE OVERVIEW

One of the country’s most powerful developers & investors, IULIUS, moves forward with its master planning for the urban regeneration project on 38 hectares. The investor has collaborated with renowned architects from Foster + Partners. The objective is to offer the local community a core that will significantly contribute to the transformation of Constanța into an active and attractive destination all year round. Raluca Munteanu, IULIUS Development Director: “We are in the necessary preparation stages for the bioremediation process, the first and most important step of the approach, and we are determined to develop a project that will support Constanța in its development objectives”.

With an old touristic infrastructure, a new trend emerges in the Constanta hotel market: the outstanding hotels are being demolished to make room for new, modern projects, adapted to the present demand. Statistics show that in 2024 around 3,000 hotels rooms were closed in Constanta County. This trend will continue in the coming years due to old hotel infrastructure and intensive investment budgets to increase quality of services. As infrastructure works for better mobility in the south of the seaside advance, we expect to see new investments in Eforie, Costinesti and Neptun-Olimp.

With a logistic activity under its potential, the county should aim to train the workforce on relevant technical skills to attract production companies. The American exchange CME (the largest futures exchange in the world) will list a new contract for wheat originating from the Black Sea region CVB (Constanța – Varna – Burgas). This deal significantly improves the image of Constanta port, showing a strong interest for this region and highlights the efforts of Romanian authorities to transform Contanta port into a strategic logistic hub from the Black Sea.

Constanta remains one of the most accessible large Romanian cities, following Cluj-Napoca, Brasov, Bucharest and Timisoara, with a medium price per sqm for new residential units of 2,016 Euro/sqm. ”

Following a challenging period 2022 – 2023 (the war in Ukraine and explosive inflation), the market in Constanta is on an upward trend in 2024 and 2025. As news emerged regarding major investments such as Neptun Deep or Iulius large development from Constanta, the new residential market saw a 12% increase in prices during the last year. The five-year evolution shows an increase up to 57%. Regarding rents, the medium rent for a new residential unit in Constanta is 564 Euro, 5% higher than one year ago.