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PwC: Romania stays attractive for real estate investors

The Romanian real estate market continues to stay attractive for the real estate investors, due to the high profitability rate here, the same as in neighbouring Bulgaria. Nevertheless, certain corrections should be made on the commercial spaces segment, with the offer exceeding by far the demand in several regions of the country, according to a study of PricewaterhouseCoopers (PwC).

'According to the available public data, the index showing the appreciation of the offer of such spaces for retail (that is the number of sq m per 1,000 people) in Romania last year was 5 or 6 times smaller compared with the European average,' reads a release of PwC Romania, showing the result of the 'Emerging Trends in Real Estate Europe 2008' report. 'One of the conclusions of the PwC study referred to the need certain corrections to be operated on the retail segment of the Romanian real estate market, due to the much higher offer compared with the demand in certain regiosn of the country (for instance Arad - western Romania - where there are six malls built on the same street, Targu Mures, Oradea etc.). Several investors have abandoned also such supermarket projects because of the same problem, too many buildings for the same activity, too close' Speranta Munteanu, manager with Real Estate Leader with PwC Romania said. Sursa: http://www.rompress.ro

Tags: investors estate romania

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