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Romanian real estate market, not affected by world crisis

Romania's real estate market is one of such markets not affected by the ongoing world crisis, as demand is exceeding supply on the residential, commercial, office and industrial property segments, Romanian analysts are arguing.

According to General Manager of Real Time property consulting company Ion Catutoiu, the real estate crisis has positive effects on the Romanian market because it attracts capital from investors interested in entering a market where there is a huge supply deficit and profit margins are larger than in Western Europe. He believes any city in Romania with more than 100,000 inhabitants could become a target for foreign investors. Deputy Chairman of Greek Panhol Developments company Ioannis Panagiotidis says Romania will draw massive investment for the residential sector and might become more attractive as a second-home market than Bulgaria, which, with all its strong promotion of its seacoast has attracted developments that are poor in quality terms. Marketing and Communication Manager of River Invest developer Larisa Dinu believes that the Romanian market is offering many opportunities to investment funds, but for the time being small and medium-sized investors will predominate. The largest local property developers, including Baneasa Investments, Neocity Group, Cefin Real Estate Asset Managemtn, River Invest, TriGranit Development and Avrig 35 last week attended the MIPIM international trade fair of real estate professionals held in Cannes, France. Romania's stand is said to have been a main attraction to investors seeking market entry in Romania. Sursa: http://www.rompress.ro

Tags: market estate romanian crisis

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