Romania has come into the spotlight of international investors since it entered the European Union on January 1, 2007. At the moment, the Romanian residential market shows much growth potential, both in terms of quantity and quality.
Approximately 1,500 - 2,000 apartments were delivered in big and medium size residential projects in and around Bucharest in 2007, while around 5,000 – 6,000 units are expected to be delivered in 2008. With the total need for new apartments in Bucharest estimated around 135,000 units, this is still far below the average annual absorption level of the city. Prices are growing – average price growth in Romania’s capital in 2007 amounted to 32,7% (in EUR) and 25,6% (in RON). We are also observing a growing number of PPP projects implemented in larger cities.
In this session we will be talking institutional investment and property development. This top-notch professional panel will go full circle to discuss the strengths, weaknesses, opportunities and threats linked to investing in the Romanian residential real estate market.
We will be looking for answers to such questions; why invest, why do business in Romania rather than in Poland, Bulgaria or any other country in the CEE region? How will the segments and prices develop? Finally, what are the investment possibilities outside Bucharest? Each of the speakers invited to this panel will be addressing this issue in their presentations.
|
Español
English
