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Residential market expected to drive Romania s FDI growth in coming years

Residential market expected to drive Romania’s FDI growth in coming years Mihai Cristea 21/04/2021 | 09:27 The residential sector in Romania performed above expectations in terms of total sales in 2020, with an increase of 19 percent compared to 2019, according to data from the National Cadastre Agency. The result was better than even the most optimistic estimations, considering the fact that 2020 had two months of total lockdown. By Aurel Constantin Eurostat statistics show that 45.8 percent of the Romanian population lives in overcrowded homes. Given this context, both local and international developers are expanding their investments in new and modern residential units. According to data collected by the Bucharest Real Estate Club, over 50 projects were delivered in 2020 or are under development until 2023 in Bucharest, with a total investment value of EUR 1 billion.

Andrei sarbuDan flesariuBucharest real estate clubWorld bankNational institute of statisticsNational instituteReal estate transactionsபுக்கரெஸ்ட் ரியல் எஸ்டேட் சங்கம்உலகம் வங்கிதேசிய நிறுவனம் ஆஃப் புள்ளிவிவரங்கள்தேசிய நிறுவனம்ரியல் எஸ்டேட் பரிவர்த்தனைகள்

Despina Ponomarenco, BREC: Two of the world s largest technology companies have announced they will abandon the remote work system – The Diplomat Bucharest

Despina Ponomarenco, BREC: Two of the world s largest technology companies have announced they will abandon the remote work system – The Diplomat Bucharest
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Despina ponomarencoBucharest real estate clubபுக்கரெஸ்ட் ரியல் எஸ்டேட் சங்கம்

Investors – would Bucharest be an attractive invest

Message Following on from our profile of Montenegro last week, we focus here on another up-and-coming part of Eastern Europe. Bucharest, the largest city in Romania, has become an increasingly popular tourist destination in recent years and may have particular appeal to digital nomads looking for a better quality of living for less. The Romanian capital has attracted over €3.5 billion in large-scale real estate projects, with delivery dates between 2020 and 2023, according to the latest market analysis conducted by Bucharest Real Estate Club. Major international real estate buyers that have entered the Bucharest market in the last five years include American investors Morgan Stanley, Cerberus and White Star, South African funds MAS REI, Atterbury and Fortress, and Israeli investors such as Adam Europe and the Dayan family.

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As online sales market continues its accelerated growth, logistic developers are consolidating their logistic hubs near Bucharest: BREC

Pandemic brings structural changes on the retail and industrial segments of the real estate market: proximity retail gains further ground, while logistic keeps on its consolidation on grounds of 2020 accelerated growth in online sales, according to Bucharest Real Estate Club analysis, ”The total E-Tail – tangible products – market in Romania reached a 5.6 billion EUR value at the end of 2020, up by 30% as compared to the previous year. Daily sales also reached the 15 million EUR volume,” said Raluca Radu, Co-organizer of GpeC (E-Commerce Awards Gala) at the press conference organized yesterday by Bucharest Real Estate Club. In this context, developers are actively investing in new logistic parks, the most important areas in Bucharest being the

Alexandra popaCristi mogaRaluca raduDana bordeiCushman wakefield echinoxBucharest real estate clubFelement groupE commerce awards galaBucharest real estateCommercial directorReserach cushmanWakefield echinoxஅலெக்சாண்ட்ரா போபாகிறிஸ்டி மோகரலுகா ராடுபுக்கரெஸ்ட் ரியல் எஸ்டேட் சங்கம்