Saturday, 15 March 2025
Real estate consultant SVN Romania opened an office in Pipera, which will provide non-exclusive consultancy and brokerage services of residential projects located in the area and representation for buyers and sellers active on the secondary market.
The new office’s activity will be coordinated by Razvan Crainiceanu, a consultant with an experience of over 16 years on the new and secondary residential segments. The management team also includes Gabriel Voicu, Victor Vremera and Mircea Marin, consultants which in their careers advised the development and sale of dozens of new residential projects, totalling over 15,000 completed homes.
”Pipera is going through a real estate development boom, being the most important residential hub in the northern area of Bucharest. Dozens of residential projects were delivered in the are in the last decade and many homes are re-entering the market, thus creating a solid portfolio of units. In addition, we are already the consultant for several new residential projects located in the area, including First Estates Pipera, the first residential project in Romania which offers free heating, and Noura Residence, developed by football player Florin Tanase. The area will continue to attract new residential developments, considering that Ilfov Country surpassed Bucharest in terms of construction permits issued for residential buildings,” said Razvan Crainiceanu, managing partner SVN Romania | Pipera.
Over 3,000 homes are currently under construction in Pipera area according to SVN’s data, this being the most important development hub in the northern part of Bucharest. Pipera is followed by Fabrica de Glucoza, Aviatiei, Sisesti and Straulesti in terms of the number of new residential units under construction.
Permits for almost 980,000 usable square meters were issued for construction in residential buildings in 2024 in Ilfov, according to the National Institute for Statistics, compared to about 855,000 usable square meters authorized in Bucharest, volumes that also include reauthorizations. 2024 was the second consecutive year in which Bucharest was surpassed by Ilfov from this point of view, a situation that had not been recorded since 2016.
Almost 169,000 residential units were sold in 2024 in Romania, up 6.6% compared to 2023, while the number of homes sales registered in Bucharest and Ilfov, the largest regional residential market in the country, surpassed 60,000 units, up 7.6% compared to 2023, according to the data of the National Agency of Cadastre and Land Registration.
