RESIDENTIAL
-The rising number of real estate deals in the second half of 2023 and the declining housing supply, at least in Bucharest, will lead, on a longer-term basis, to a new price increase, with effects particularly in 2024 and 2025, Ziarul Financiar reported citing Daniel Crainic, a marketing manager at Imobiliare.ro platform.
– A new risk was identified by Romanian bankers for 2023: the downward valuation of residential assets, according to the last Systemic Risks Survey published by the National Bank of Romania (BNR) at the end of last year. Furthermore, the high risks identified by the European Risk Committee for the European Union refer to: vulnerabilities in residential real estate markets; challenges in commercial real estate markets; the likelihood of large-scale cyber incidents and medium and long-term developments in government debt.
