Money Buzz! Europa

Tag: dwellings

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

    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
    Bucureşti90.294875.24810,3%
    Ilfov89.834194.67446,1%
    Cluj77.074350.35022,0%
    Constanţa66.645301.29222,1%
    Iaşi59.948331.20318,1%
    Suceava58.557273.19921,4%
    Timiş48.714308.59215,8%
    Argeş43.719283.10115,4%
    Prahova39.147329.33011,9%
    Bacău37.712284.00313,3%
    Braşov35.671256.31913,9%
    Source: Cushman & Wakefield Echinox, based on the National Institute of Statistics data

  • 97.000 dwellings completed in Poland in the first six months of 2020

    97.000 dwellings completed in Poland in the first six months of 2020

    According to the preliminary Statistics Poland data, 97.0 thousand dwellings were completed in the period of January-June 2020, by 2.7% more than a year ago.

    Developers completed 62.4 thousand dwellings (6.1% more than in the corresponding period of 2019), whereas private investors completed 32.8 thousand dwellings, by 0.9% less than in 2019.

    Within these forms of construction, 98.1% of the total number of completed dwellings was built (respectively 64.3% and 33.8%).

    Less dwellings than a year ago were completed within cooperative construction (661 compared to 954 dwellings); in other forms of construction (municipal, public building society and company construction), 1 179 dwellings were completed in total (compared to 1 655 in the previous year).

    The total useful floor area of dwellings completed in the period of January-June 2020 amounted to 8.7 million sq m, by 2.1% more than in the corresponding period of the previous year.

    Compared to the period of January-June 2019, the average useful floor area of 1 dwelling decreased by 0.6 sq m to the level of 89.5 sq m.

    In the first six months of 2020, permits and registrations have been granted for construction of 122.3 thousand dwellings, i.e. by 5.5% less than in the corresponding period of 2019.