REDPORT, together with businessman Dan Sucu, founder and shareholder of Mobexpert Group, announce the launch of VITALITY EST. The new residential project will be developed in the Pantelimon area of the Capital, on a plot of approximately 27,000 square meters.

Located next to Pantelimon Park and Lake, VITALITY EST represents an investment of EUR 50 million. On the 46,400 square meters of total buildable area there will be more than 500 modern apartments, along with approximately 400 square meters of commercial space, designed to provide residents with access to all the amenities necessary for a balanced lifestyle.

“I strongly believe in the power of example and the responsibility we have to raise the standards in real estate and deliver high quality that future generations will appreciate. The Pantelimon area deserves a strong and well-integrated project that emphasizes increasing the quality of life for our future residents, and VITALITY EST is a strategic step in the urban reconstruction that we are undertaking with all our projects”, says Dan Sucu, founder and shareholder of Mobexpert.

“We chose to develop VITALITY EAST in an area with huge potential precisely because we know how important it is to build not only for today’s needs, but also for future generations. VITALITY EST is an investment based on a clear vision, we want to deliver more than just buildings, we want to create a community where people feel at home. When you bring spaces for people to the market, you have to think beyond concrete and square meters, you have to have a well-done plan and build with meaning and responsibility”, emphasized Cosmin Savu-Cristescu, CEO and founder of REDPORT.

VITALITY EAST will be realized in three phases, and the first phase is scheduled to start in the coming weeks, with a completion date of 2026. The next two phases are scheduled for delivery in 2027 and 2028, respectively.

North Bucharest Investments has launched its rental division – NBI Rentals, which has a portfolio of over 400 apartments and houses.

NBI Rentals has a team of over 20 consultants, experienced in property management and in creating effective relationships between owners and tenants, a team that is constantly expanding. The division’s portfolio comprises a diverse range of properties, tailored to the varying needs and budgets of clients, including one-, two-, and three-bedroom apartments, houses, villas, and premium properties suitable for both couples and extended families. Additionally, NBI Rentals offers a range of commercial properties, including retail spaces, offices, and warehouses. The company is expanding its portfolio with more than 100 new units, with a particular focus on the northern area of the Capital and continuing its process of diversifying its offerings.

“Founded at the end of 2024, NBI Rentals plays a key role in connecting property owners with the right tenants, contributing to the development of the local real estate market. Despite general economic challenges, the demand for rentals remains steady, which is why we established the rental division, leveraging the experience gained over more than two years of activity in the Romanian market. We are confident that the rental market will continue to be a dynamic sector, and our adaptability and attention to detail will ensure long-term success,” states Vlad Musteață – CEO – NBI & NBI Rentals.

The revenue generated from the rental division reaches almost 3% of the North Bucharest Investments group, as a result of the accelerated growth of the local rental market. In fact, properties managed by NBI Rentals have an average occupancy rate of over 60%, and trends indicate that 70% of the clients the company interacts with prefer long-term rentals (for periods exceeding one year). This trend underscores the stability and sustainable demand for traditional rentals, as well as the enduring interest and attractiveness of the northern area, which continues to evolve.

The real estate developer HILS Development, controlled by Ionuţ Negoiţă, announces the full sale of two residential complexes in its portfolio – HILS Pallady and HILS Splai -, which total 2,019 apartments and over 95,000 square meters of living space.

“We end the first quarter of 2025 with this news, but also with the expected completion of the first stage of HILS Republica, with 369 apartments, in June of this year,” says Bogdan Bălaşa, General Manager of HILS Development.

HILS Pallady, located near the Anghel Saligny metro station, was completed in 2023 and consists of 12 blocks with 1,908 apartments. The HILS Splai residential project, located on the Dâmboviţa Quay, includes 111 apartments. The total area of the complex is 7,500 sq m, of which 2,271 sq m are dedicated to green spaces.

The developer’s portfolio currently includes 6 residential projects in the Eastern area of the Capital, three of which are completed – HILS Pallady, HILS Brauner and HILS Splai and three in various stages of construction – HILS Republica, HILS Sunrise and HILS Titanium. The company is in the process of expanding to other areas of Bucharest, as part of the strategy to diversify its residential portfolio.

Average apartment prices, old and new, increased by 12% in March 2025 compared to the same month in 2024, according to the latest data from Storia, the real estate platform launched by OLX.

“In March, Cluj-Napoca and Braşov are among the cities with the highest prices per square meter for both new and old apartments, reflecting a constant demand and increased interest in these markets. In the new apartment segment, Constanța occupies the third position in the ranking, while, in the old housing market, Bucharest is in third place, confirming the price trends in large urban centers.”, said Monica Dudău, Head of Marketing Real Estate Europe OLX Group.

The average price in Bucharest was 1,963 euros/sqm, up 9% compared to March 2024. Old apartments were, on average, 21% more expensive compared to March 2024, with an average price of 2,140 euros/sqm, while new apartments increased by only 1%, reaching a price of 1,835 euros/sqm.

The number of building permits for residential buildings increased, in the first two months of 2025, by 3.4%, compared to the same period in 2024, with 4,535 such permits being issued, according to data published by the National Institute of Statistics.

Increases were recorded in the West (+126 permits), Center (+97), Northwest (+50) and Southeast (+7) development regions. Decreases were recorded in Northeast (-105 permits), South-Muntenia (-12), Southwest Oltenia (-10) and Bucharest-Ilfov (-3).

In February 2025, 2,617 building permits were issued for residential buildings (+36.4% compared to January 2025), with a total usable area of 601,208 sq m (+28.2%). Of the total building permits for residential buildings, 68.5% are for rural areas.

Also, in February 2025, 508 building permits were issued for non-residential buildings (+47.2% compared to January 2025), with a total usable area of 277,066 sq m (-23.9%).