(P) ANALIZĂ Pinwell: Neconcordanțele semnalate în Noul Cod al Urbanismului se vor traduce în întârzieri și blocaje în tranzacții

The new Urbanism Code, effective from August 25, 2026, introduces significant reforms but also presents contradictions that may hinder real estate projects. The decline in residential permits and new apartment offerings in Bucharest highlights the challenges ahead. Issues in the text could lead to delays and increased costs in transactions, as different interpretations by local authorities may arise. Despite these initial setbacks, the long-term outlook suggests improvements for the market, favoring serious investors over speculative ones.