Remarkable Performance in 2024
RE/MAX offices in Romania recorded significant growth in 2024 compared to 2023, both in terms of volume and value. Over 9,000 transactions were intermediated, totaling €350 million, marking a 15% increase compared to the previous year. This strong performance was also reflected in the network’s commissions, which reached €13.5 million.
Market Segments and Transaction Types
Approximately 85% of the transactions mediated by RE/MAX focused on the residential segment, followed by land (5%), office spaces (3%), commercial spaces (3%), and industrial spaces (3%). Of these, 60% were sales, while 40% were rentals. Bucharest maintained its top position among cities with the highest number of transactions, followed by Brașov and Cluj-Napoca. Notable deals included the sale of a hotel in Bucharest for €4.5 million, another hotel in Brașov for €2.5 million, and an industrial space in Brașov for €2.1 million.
Outlook for 2025
RE/MAX Romania aims for a 20% increase in transaction volumes and plans to expand its network with an additional 20 franchised offices. Furthermore, the company will focus on improving the profitability of its existing franchises by investing in managerial education, technology, and marketing.
In 2024, the Romanian real estate market was influenced by rising financing costs during the first half of the year, followed by significant acceleration in the second half. The number of transactions increased, and average property prices rose by 10% nationwide. Notably, about half of the transactions were completed without bank financing, highlighting the diversification of capital sources and the market's adaptability to new economic conditions.
RE/MAX representatives also observed a rise in real estate literacy among buyers, reflected in higher standards and expectations during the purchasing process—a sign of the Romanian real estate market’s growing maturity.
“We anticipate continued growth in the real estate market in 2025, especially in the Moldova region, which will benefit from the new highway connecting it to the capital. Additionally, we are still waiting for the real estate agent law to be voted in Parliament, which will recognize the profession of Real Estate Agent and create a favorable framework for the development of the profession and real estate agency businesses. This will include specific education for the trade and well-defined work standards. Ultimately, these changes will result in increased trust from the general public in real estate agents, encouraging more people to collaborate with professionals to make the right decisions regarding property acquisitions,” said Răzvan Cuc, President of RE/MAX Romania.
