RESIDENTIAL
Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector, according to C&W Echinox. Their focus is currently on all market segments – office, retail, industrial or hospitality, as the allocated budgets start from 2-3 million euros for a property, while they could also exceed 10-15 million euros, according to the real estate consulting company.
MACROECONOMY
-The National Bank of Romania (BNR) revised upwards its 2022 year-end inflation forecast to 16.3%, from its previous forecast of 13.9% in August, BNR governor Mugur Isarescu told a press briefing on Monday (Nov. 13) presenting the latest inflation report.
-The European Commission (EC) sees Romania’s economy expanding by 5.8% this year, as compared to a 3.9% growth rate projected in July, the EU’s executive arm said in its Autumn 2022 Economic Forecast report.
