Top 10 Predictions 2019 - Year-End Review

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At the start of the year, in January, we published our thoughts and opinions on some of the major trends in the Romanian economy and its real estate sectors. Before publishing the 2020 version of this report in about a month, December may be a good time to take a look 2019 through our earlier predictions, to see what we got right and what we got wrong.

Macroeconomic context: With GDP growth coming in at 4% in the first three quarters of 2019, led mostly by household spending, we were spot on with this assessment, which was, at the time, a bit more optimistic than that of professional forecasters – around 3%.

Investment market: Our moderately optimistic expectations at the beginning of 2019 proved to be true: the beginning of the year showed the premises for some very large transactions, but a number of these were delayed until 2020. The total investment volume for 2019 is expected to be around EUR 0.6-0.7bn. 2020 will start on a terrific footing, with transactions of over EUR 600mn in an advanced stage of negotiation.

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Top 10 Predictions 2019 - Year-End Review

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Silviu Pop | Colliers International | Bucharest

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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