Romanian Real Estate News – 01/02/23

Romanian Real Estate

OFFICE

-More than 80% of Romanian employers currently report an employee in-office attendance of less than 50% on a normal working day and no significant changes are expected this year, a Colliers survey reveals. The survey was conducted among management representatives or decision-makers from 75 companies operating in various economic sectors and with headcounts between a few dozen and hundreds of employees.

-The Sovereign Wealth Fund of Norway, the world’s largest, owned stake in eight companies listed on the Bucharest Stock Exchange as of December 31, 2022, as well as in the leading office investor in Central and Eastern Europe Globalworth, which has a strong presence in Romania, according to the fund’s latest data.

CONSTRUCTION

In 2022, the number of building permits issued in Romania decreased by 14.9% y-o-y, according to the National Institute of Statistics (INS). Last year 43,660 building permits were issued for residential buildings. Decreases were recorded in all development regions: Bucharest-Ilfov (-1,490 permits), Nord-Est (-1,296), Sud-Muntenia (-1,184), Vest (-996), Nord-Vest (-857), Centru (-656), Sud-Est (-594) and Sud-Vest Oltenia (-554).

Read more news about the Romanian market at our sister publication Buildpress.