Top 10 predictions for the Romanian real estate market in 2017

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2017 is to be a year of unprecedented uncertainty externally as a new US President, Brexit negotiations, and elections in Europe all have the potential to create considerable external turbulences. At the same time, a buildup of confidence in the Romanian economy is set to make 2017 one of the best years in post-crisis history for the real estate market.

 

Here are our top 10 predictions for the year:

  1. CEE will weather the storms of 2017 better than other EMs;
  2. Investment transactions will reach a post-crisis maximum in 2017;
  3. IT and BPO/SSC sectors will be the main drivers of office space demand, particularly outside of Bucharest;
  4. Competition on the office market will increase;
  5. New industrial developments will hit an all-time high;
  6. 2017 will be a point of inflection for infrastructure;
  7. Bucharest shopping center market will aim to increase client catchment; other cities will focus mainly on developments of retail parks;
  8. New brands will enter the retail market;
  9. Residential areas will move closer to the recently developed business centers;
  10. Land market will be geared towards the retail and residential segment.

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Top 10 predictions for the Romanian real estate market in 2017

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Mihai Patrulescu

Senior Associate | Romania

Bucharest

Mihai has joined Colliers International in October 2016 as Head of Strategic Analysis. Prior to this position, Mihai coordinated the economic research activities of UniCredit Romania and Bancpost, the Romanian subsidiary of EFG Eurobank. During 2015/2016, Mihai was seconded on assignment to the Milan Headquarters of UniCredit, working as a management consultant on the implementation of the bank’s strategic plan.

Starting from mid-2017, Mihai has joined the Investment  Advisory Services department. He specializes on project underwriting and investor engagement. He has worked on projects across all market segments, with a cumulated market value over EUR 1 bn.

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