While new openings of office facilities have been few and far between this year, the market has focused on renting activities, real estate analysts told Business Arena. At the same time, they have identified two major trends that they believe will have a strong impact on the local market in the near future.
The latest trends in real estate communication are related to a topic strongly influenced by the money we have in pocket or, more elegantly put, our access to financing. For a number of years, I have heard more and more about the residential rental market that Romanians refuse to embrace as gladly as they are expected to do. Who would like them to do that? And why?
To attract more foreign capital, the Romanian market needs more liquidity and a higher consumer confidence. That was the conclusion reached by some of the most important people in real estate, companies and individuals still standing and developing their businesses after the long debated financial crisis. The conferences held during the National Real Estate Fair (TNI), at the Parliament Palace, focused on one of the most ardent issues of the moment: the measures that Romania must adopt in order to become more appealing to foreign investors and overcome the damage caused by the recent economic crisis.
While most segments of the real estate market have seen a significant decrease in sales over the last two years, penthouses enjoy the benefits of a less fluctuating demand from clients in search of luxury and comfort, analysts told Business Arena Magazine. Thus, the selling prices for such apartments still reach up to 3,000 euro/sqm. Representing one privileged market segment, despite the ongoing financial instability, luxury apartments will continue to see a steady demand.
Desi criza se resimte cu precadere in domeniul imobiliar, compania Imobiliare 24 Digital Solutions anunta lansarea unui portal de imobiliare cu servicii complete in care a investit circa 500 de mii de euro si este gata sa tripleze suma in urmatorul an. Compania are sediul central in Elvetia si activeaza de peste 13 ani in domenii precum marketinul online, generarea de trafic si search optimization.
Banca Comerciala Romana (BCR) a anuntat lansarea unui portal imobiliar.
ERA Shopping Park Iasi se va extinde in curand cu un magazin Decathlon Sports, cu o suprafata de 4.100 de metri patrati si cu o zona dedicata practicarii sporturilor (fitness si alte sporturi de interior, tenis si fotbal, badminton si tenis de masa), pe o suprafată de 2.000 de metri patrati, potrivit oficialior retail park-ului iesean.
Smaller countries and new EU members generally tend to have less effective support measures for the housing market, compared to the biggest economies and old EU members, according to a recent Deloitte conducted within the 27 EU countries, Residential Development: The role of government in EU real estate markets.
While having to pay maximum bonuses, even in the financially difficult times of 2009, to reward the work of its motivated and dedicated team of professionals, Remco Romania did not have to wait long to see the outcome. The value of its delivered projects in 2009 and of its work-in-progress, waiting to be delivered this year, exceeds 30 million lei.
While most segments of the local real estate market saw either a decrease or stagnation in 2009, this year the real estate experts indicate a possible improvement of the investment sector, although they refrain to predict whether 2010 will be a much more profitable year than 2009.
Producatorul autohton de materiale de constructii Baumix a raportat o cifra de afaceri de peste 36 milioane de lei pentru anul 2009, cu 9% sub nivelul din 2008, pe fondul unei piete in scadere cu 30%.
Even though the current financial crisis has affected most economic sectors, and therefore the majority of guests at this years Halloween Charity Ball, the Ovidiu Rom Association has managed to raise 357,000 Euro, with 50 companies supporting the event financially. All the sums raised at the Charity Ball will become funds for next yeara
Following its involvement in a wide range of projects in Romania, US-based Victaulic has announced plans to expand its operations and cover many more industrial sectors. Sebastian Talabus, sales engineer Romania, said that Victaulics mechanical piping systems are used in many building projects, ranging from commercial buildings to hospitals, schools, data centers and power plants. Sun Plaza is the latest project in which Victaulic, long-time specialist in pipe-joining solutions, has been involved. Victaulica