Romanian Real Estate News – Thursday 10/11/2022

Romanian Real Estate News

OFFICE

The rent prices for office spaces in Bucharest are among the lowest both regionally and continentally, which represents a major point of attraction for companies in the IT&C area, along with the available workforce and the level of salaries for experts in this sector, according to Cushman & Wakefield Echinox.

APARTMENTS

New apartments in Bucharest register increases in asking rent prices of approximately 7% in Q3compared to Q2 2022, according to a joint analysis conducted by Premier Estate Management and Imobiliare.ro. The analysis takes into account the prices requested for apartments built between 2019-2022 based on 10,146 rental ads listed in Imobiliare.ro.

CONSTRUCTION

The railway infrastructure in Romania’s port of Constanta is set to be modernized through a EUR 1 bln investment project financed by the EU’s Connecting Europe Facility (CEF) for the modernization of train lines.

ECONOMY

-Romania comes 31st in a ranking of the 42 European countries in terms of purchasing power, with an average of EUR8,017/capita in 2022, representing 49% of the European average, a GfK survey reveals.

-Romania could register an economic growth of 4.5% this year and 2.3% in 2023, the head economist of Raiffeisen Bank, Ionut Dumitru told the 25th edition of the Romanian Banking Forum.