Air traffic and its implications for real estate

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Surging air traffic in Romania acts as a sign of brisk growth in economic activity, particularly services, supporting a favourable outlook for the real estate segment as well, with positive spillovers mostly for office and investment segments.

Romania has the fastest growth in total passengers in the EU – up by over 23%, some 5 times higher than the average in the 28 member states – while the nation-wide data validates the thesis that major regional hubs will outpace Bucharest over the medium term.

The results recorded by the biggest airports in Romania tell the economic development story quite well; as a separate observation, some smaller cities saw well bigger jumps, but these are caused by one-offs like reopening the airport after a renovation or being included on an airline’s radar. 

It is safe to assume that the robust figures are a tell-tale sign of current underlying strength in economic activity, particularly as two in three foreigners visiting Romania do so for business purposes.


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Air traffic and its implications for real estate

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Silviu Pop

Head of Research | Romania

Bucharest

Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval,  he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.

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