July effervescence: developers liquidated their stocks before VAT increase to 21%. Bucharest and Ilfov registered over 6,100 transactions with housing, the largest growth of the last year

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By TP


♦ Bucharest and Ilfov registered 6,102 transactions with individual units in July 2025, 12.7% more compared to July 2024 and about 50% over the volume of previous months this year ♦ at national level, the 17,314 transactions represent the highest volume of October 2024 and the second largest in the last three years ♦ of apartments completed before the application of VAT of 21%.

The residential real estate market registered in July 2025 the best month of October 2024, when Romania went through another moment of effervescence determined by fiscal changes. The official ANCPI data show that in Bucharest and Ilfov there were 6,102 transactions with individual units, representing an increase of 12.7% compared to July 2024 and, more importantly, an increase of about 50% compared to the average of the previous months of 2025. Anci data analysis for the first seven months of the year shows that while in the month of January, 2025 Transactions, July exploded at 6,102 units. For the perspective, in April 2025 there were only 4,121 transactions in the two markets, and in June 4,165 units. «July has brought several transactions with residential units mainly as a result of the effervescence caused by VAT increase to 21% from August 1,» explains Victor Timpra, COO, SVN Romania. However, he stresses that «most of the paraffin agreements targeted housing that will be delivered until August next year, which will be seen in the official transaction statistics for the next 12 months.»
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