More than 4.5 million homes have come out of the guarantee period of their earthquake-resistant structure, in Romania, according to online real estate sales platform imobiliare.net. There is a need to renew the housing stock with almost 200,000 units, annually, either new units or a rehabilitation of those built before the 1977 earthquake, the platform’s analysis shows.
More than 220 hectares of development land were transacted throughout Romania during 2022. In terms of future use and what buyers plan to develop on their newly acquired plots, the development sites with industrial potential were the most accounted for 41% of the overall transacted surface, according to CBRE.
The development of the Industrial & Logistics market will be accelerated in 2023 by three main trends, according to the CBRE Romania “Market Outlook 2023” report.
- Agility and flexibility of intermodal transport
- Growth of the East/North-East submarket
- Nearshoring is key, especially for Manufacturing