rezidential

Brasov residential market enters new development phase

Brasov residential market enters new development phase 4835 3237 ROMANIA PROPERTY CLUB

12.04.2024

An analysis with the support of imobiliare.ro

Brasov residential market has become the largest regional residential market, and the second one at national level, following Bucharest & Ilfov. This is no surprise given the strategic location in the center of the country, attracting residents from surrounding areas, and the touristic potential of the area.

The most developed areas are Bartolomeu, Tractorul and Noua-Darste. The inauguration of the international airport last year has opened the potential of the area and Bartolomeu district is expanding to the border with Ghimbav. With the support of our partner imobiliare.ro we have drafted an analysis for the new residential market in Brasov based on the data from January and February 2024.

Comparing 2024 with 2023, the biggest increase is for two rooms (16%), followed by three rooms (9%). The demand for four-room apartments has dropped by 4%, while the demand for studios has seen the biggest decrease, by 11%.

In the first two months of 2024, the biggest increase of new units’ offer is for four rooms apartments (33%) followed by two rooms (14%). The three rooms offer has raised by 6%, while the offer for studios had dropped by 4%, compared to the previous year.

The prices have maintained a steady increase, with 12% in 2024 vs 2023. Medium price for new units is 2,053 Euro/net sqm + VAT.

Brasov land market overview

Brasov land market overview 7240 7240 ROMANIA PROPERTY CLUB

12.04.2024

An analysis by Florin Ciche, Remax Central

The city of Brasov continues to develop real estate in all segments and the future perspective looks very good.

From the point of view of residential developments, new areas of interest have opened up today. If until now the strongest development was in the Tractorul district, today there is new interest in other areas.

One of them is the western part of the city. The opening of the Brasov Ghimbav International Airport has opened the potential of the area and the Bartolomeu district is expanding outwards to the border with Ghimbav.

A second area is the southern part of the city, the entrance from Bucharest, namely the Noua district and the Calea Bucuresti commercial area up to the border with the Astra district. The reconversion of the former Roman platform, as well as the vacant land in the immediate vicinity have come to the attention of developers and in the near future will appear new mixed projects, residential and partially retail and office.

Industrially, the main direction of development of Brasov is towards the West, obviously due to the development of infrastructure, the future motorway to Sibiu, and the airport, next to which the North area, the exit to Targu Mures is becoming more and more sought after for industrial/logistic developments.

Retail land follows the other developments, so the West, North and South areas of the city still offer land where retail parks can still be developed.

Prices differ according to existing regulations.