Romania Research and Forecast Report 2019

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In 2019, real estate activity should continue at robust levels for all major segments. 

Coming after the best decade in Romania’s history in terms of economic convergence relative to developed countries, growth is set to continue cooling down further in 2019, with increased risks (both internal and external – domestic political noise, fiscal uncertainties, slowdown in Eurozone/Chinese economies, global trade risks etc.) set to dampen overly positive expectations.

But there is still room for the economy to grow nicely and this is our base case. As long as companies continue to expand, the tight labour market will continue to fuel wage hikes and, consequently, private consumption. Real estate activity should continue at robust levels for all major segments, albeit inferior compared to 2017-2018 levels, which marked post-crisis (and in some instances, all-time) highs.


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Romania Research and Forecast Report 2019

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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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