This information is contained in a report by the National Bank of Romania.
“Housing prices are below the level of economic fundamentals both nationally and in Bucharest. Regardless of the methodology used to assess the degree of overvaluation or undervaluation, the results consistently indicate that the residential real estate market is undervalued. This indicates that current prices remain below the level justified by economic fundamentals,” the regulator states.
At the same time, “the imbalance between supply and demand, combined with changes in taxation and the overall economic situation, has led to a slowdown in trading activity in the residential real estate market. Thus, in 2025, the number of real estate transactions fell by 5.4%, while in the first three months of 2026, a more pronounced decline was recorded—17.1% on a year-over-year basis, with similar trends observed both in Bucharest (-16.6%) and in the rest of the country (-17.4%),” states the National Bank of Romania.
