30% more transactions in the first 6 months of 2024 compared to the entire sales volume of 2023

North Bucharest Investments announces the remarkable results achieved in the first half of 2024, reinforcing its position as a leader in the Bucharest real estate market. In the first half of the year, North Bucharest Investments completed over 520 real estate transactions, a 30% increase compared to the total transactions of the previous year.

The transaction value reached approximately 63 million euros, a 35% increase compared to the same period in 2023.

“Our monthly transaction volume is 2 to 4 times higher than last year, and these figures are a clear result of the trust our clients place in us. This performance reflects not only the stability of the real estate market but also our ability to adapt and respond quickly to our clients’ evolving needs. The growing monthly sales also highlight the effectiveness of our PR, marketing, and sales strategies. Our team provides top-notch investment and real estate consultancy services, and this is evident in the results we achieve,” stated Vlad Musteață, CEO of North Bucharest Investments.

Over 5,500 people contacted the company directly through the website for consultancy, representing a 25% increase compared to the same period last year.

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The profile of the residential customer in the North of the Capital

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The number of employees and agents also grew proportionally with the business, from 41 to 103, marking a 151% increase. This team expansion allows for quick responses and the provision of superior quality services for each client requirement.

“In the first half of 2024, investors played a significant role in our sales activities, representing about 60% of the transactions. This high percentage indicates that investors trust North Bucharest Investments and the profitable opportunities we offer. Our relationships with investors are long-term, built on transparency, accurate and timely market information, and our performance validated by experience and time.

End residential clients represent 40% of our total sales, including both families with children and individuals seeking a home close to their workplace, well-connected to transportation and educational and commercial facilities. This balanced mix demonstrates that our portfolio meets both immediate residential needs and long-term investment objectives, generating good returns,” mentioned Andreea Nicolae, Client Relations Director.

The estimated value of the current portfolio is 38 million euros, comprising 134 residential complexes, villas, and houses, of which 62 projects are large-scale.

In percentages, the portfolio has grown by 20% compared to the total level of the previous year. In the first half of 2024, 21 new real estate developments were added to the North Bucharest Investments portfolio, and the supply and expansion will continue at least at the same pace for the next 6 months.

North Bucharest Investments projects are concentrated in sectors 1, 2, and 3 of the capital, in highly sought-after areas due to their premium developments and excellent infrastructure.

“We are actively exploring opportunities to expand our presence beyond North Bucharest. Cities such as Brașov and Mamaia Nord are also on our radar, given their increasing demand and high earning potential for investors and end clients. Our goal is to provide high-quality real estate solutions in different regions and thus respond to all requests from individuals interested in acquiring properties in the local real estate market. We are carefully analyzing the prospects for expanding our activities and portfolio to other major cities in Romania. Iași and Cluj also have very high development potential and offer significant benefits for those investing in apartments and houses, both for living and generating good rental yields,” emphasized Vlad Musteață, CEO of North Bucharest Investments.

The evolution of North Bucharest Investments in the first half of 2024 reflects a growing demand for premium properties in the capital market.