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Real Estate Outlook 2020: Romania, the only CEE state that hasn’t seen significant yield compression

Tuesday, March 17, 2020

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A new peak in total transaction volumes of 13.9 bln. EUR was reached last year across the CEE region. Including Austria and Serbia, the volume is even greater: 20.19 bln. EUR. In Romania, transaction volumes surpassed the 1 bln. EUR milestone and is the only main CEE market which has not seen significant yield compression. Total investment volumes doubled over the past 6 years within the extended CEE region that comprises Czech Republic, Hungary, Poland, Romania, Slovakia, Austria ...

COVID-19 impact expected to be negative on commercial real estate market short term

Tuesday, March 17, 2020

The impact of COVID-19 will be negative in the short term on certain sectors of the commercial real estate market in Europe, provided that the outbreak gets under control within a reasonable time, says Anthony Selman, CBRE Head of Investment Properties Central and Eastern Europe.According to an analysis conducted by the CBRE real estate consulting company, the volume of transactions in Romania exceeded the threshold of one billion euros last year, being the only main market in ...

Real estate: Over 60% of CFA Romania analysts consider that real estate prices are over evaluated

Tuesday, March 10, 2020

62% of CFA Romania analysts consider that real estate prices in the main cities are over evaluated and 61% estimate the increase of interest rates for short dues. “The anticipated inflation rate for 12 months (February 2021/February 2020) recorded an average value of 4.04%. Interest rates will also grow for short terms (ROBOR 3M) and for long ones (sovereign bonds due in 5 years denominated in RON). Over 61% and 64% of ...

Eight cities concentrate 90 pct of Romania's industrial and logistics space stock

Tuesday, March 10, 2020

Romania's stock of industrial and logistics space has topped the threshold of 4 million sqm; eight big cities in the country south, center and west concentrate 90 percent of this space, shows the report Romania Industrial & Logistics Market by real estate consulting firm Cushman & Wakefield Echinox.According to the document, the only cities in the country east to have caught the attention of private developers of industrial and logistics parks are Iasi, ...

Infrastructure : CNAIR contracts another 11 km of Bucharest ring road

Tuesday, March 10, 2020

Romania’s public road construction and management company CNAIR signed with Italian construction company Tirrena Scavi a contract for the reconstruction works on a segment of 11 km of the Bucharest ring road, in the eastern part of the city. The segment will be widened from 2 lanes to 4 lanes (two for each ...

Tourism : Occupancy rate for some hotels in Bucharest plunges to 20% amid Covid-19 concerns

Tuesday, March 10, 2020

The cancellation rate for some hotels in Bucharest reached up to about 80% amid concerns related to the Covid-19 virus, while their occupancy level dropped to 20 - 30% according to Wall-Street.ro ...

STUDY: The restaurant market in five of the largest cities in the country reached 14.1 billion lei in 2019

Tuesday, March 10, 2020

The total sales of cooked food, including the deliveries through ordinary restaurants, fast food restaurants, canteens, pubs and supermarkets, in five of the largest cities in the country (Bucharest, Timisoara, Iasi, Cluj and Brasov) rose in 2019 to RON 14.1 bln (almost EUR 3 bln), which is roughly twice as much as the RON 7.2 bln sales in 2018, according to the National Foodservice Research report drafted by Hospitality Culture Institute, the first independent research, ...

Trade: 82% of overall retail sales in Romania recorded in malls. Online continues to grow

Tuesday, March 10, 2020

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Over 80% of total sales in Romania are recorded in malls and we see no problem for which online shops would affect offline trade, said Costin Budeanu, head of the Leasing Retail Division AFI Europe Romania. “We do not see any threats for malls. We see applications which help online consumers. The only problem I see is how intrusive and aggressive these applications become and  how much they invade the consumer's life and continuously bombard ...

GfK TEMAX survey: Sales of technical consumer goods up 5.7 pct in Q4 2019

Tuesday, March 10, 2020

Sales of technical consumer goods (TCG) in Romania were 5.7 percent up in Q4 2019 from the same period of 2018, the advance being the effect of the Black Friday and December promotional campaigns, shows a GfK TEMAX survey.In the reporting period there was a 13.5 pct growth in the telecom sector - the largest of the TCG market, generated by the upward trend of core wearables and big-screen smartphones (with screens of 5.6 inches and larger). Sales of small domestic ...

Telecom. IT: 67% increase of mobile phone users attacked by special commercial espionage software in 2019

Tuesday, March 10, 2020

The global number of mobile phone users attacked by stalkerware, a special commercial espionage software, installed without the approval of the device owner, grew by 67% in 2019, compared to the previous year, according to statistics published by Kaspersky, in partnership with the Coallition against Stalkerware. Data for Romania show that the number of attempts to install this malware doubled in 2019, compared to 2018. At EU ...

ANCOM: the auction for 5G technology, by the end of the third quarter of 2020

Tuesday, March 10, 2020

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The auction to assign the rights to use the frequency bands destined to the implementation of the new 5G technology will be held in the last quarter of this year, according to the 2020 action plan adopted and announced by the national telecom ...

Cars:About a third of car drivers in Romania are women

Tuesday, March 10, 2020

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In Romania, women represented last year about a third (2.67 millions) of a total of 7.9 million persons who held a driver's license in Romania, according to DRPCIV data. According to data at the end of 2019, there were 16,291 woman motorcycle drivers (A category) and 16,349 women truck drivers (category C), 2,013 women bus and other vehicles for person transport (category D), 1.858 women trolleybus drivers and 1,167 women tram ...

APIA: 8,836 new cars registered in Romania in February down 26.8 per cent

Tuesday, March 10, 2020

A number of 8.836 new cars have been registered in Romania in February, down 26.8 per cent compared with last year, when there were registered 12.071 cars, according to the data provided by the Association of Car Manufacturers and Importers (APIA), quoting the statistics of the Directorate for Driving License and Vehicle Registration (DRPCIV)."Even if this is, most probably, a circumstantial situation, both in Romania and in Europe, some of the CO2 objectives seem ...

Healthcare: Infant mortality halved between 1998 and 2018: the highest rates in the EU were registered in Romania

Tuesday, March 10, 2020

In the EU in 2018, around 14 600 children died before reaching one year of age. This is equivalent to an infant mortality rate of 3.4 deaths per 1 000 live ...

Tourism : Arrivals in tourist accommodation units up 5pct in January; 16pct were foreign tourists

Tuesday, March 3, 2020

Compared to the corresponding month of the previous year, the arrivals in the establishments of tourists’ reception with functions of tourists’ accommodation increased by 5.0 %, while the overnight stays increased by 7.0% in January 2020. Compared to January 2019, in January 2020 customs registered an increase in the arrivals of foreign visitors of 12.7 % and an increase of 14.1% in the departures abroad of the Romanian ...

Trade: Flower market expected to reach EUR 20 mln this week

Tuesday, March 3, 2020

Within just over a week, between March 1 and March 8, Romanian florists are expected to sell flowers worth almost EUR 20 million, according to estimates by market research firm Frames based on data from the statistics office INS, Trade Registry and Finance Ministry. The analysis assumes that in the urban areas, where over 90% of flowers are sold, there are 4.56 million women over 18 years and at least half of them will receive a bouquet of flowers during this period, with an average ...

Healthcare: Over 60% of Romanians resort to self-medication for common medical problems

Tuesday, March 3, 2020

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More than 60% of Romanians resort to self-medication to treat minor health problems such as a cold or flu, headaches, joint or muscle pain, gastric burns or abdominal pain, according to a study by IPSOS Romania, quoted by ...

Due to the low prices, Romania can become an important center for dental tourism at European level

Tuesday, March 3, 2020

A share of 10-15% of the total number of patients in dental practices in Romania is formed by foreign tourists who come for dental treatment, according to representatives of local tour operator TripHeal, which specializes in the medical tourism niche. Due to the quality of the services and the low prices, far below the market in western Europe, the country receives customers from Spain and Italy annually, and has recently started to draw tourists from the United Kingdom. Romania is ...

Real Estate: Gran Via Real Estate to conclude residential compound on former industrial platform in Bucharest

Tuesday, March 3, 2020

The Spanish-based developer, Gran Via Real Estate, completes this year the development of the former factory Frigocom, Timi?oara 58 residential compound, located at the crossroads of Timisoara Boulevard and Moinesti Street in Bucharest. The company is working on the final phase of the project, representing two blocks with 300 apartments, totaling an investment of 18 million EUR in construction only. „For these last blocks the structure was completed, and now we are ...

Romania’s growth potential will continue to attract new real estate investors in 2020

Tuesday, March 3, 2020

Romania is attracting more and more attention of real estate investors who want to enter the local real estate market or to expand their portfolio, after the good results from 2019, when the volume of real estate investments exceeded one billion euros. Attractive yields, good opportunities on the market in terms of available products and strong leasing activity on all sectors are the main factors identified by the experts gathered at Pre-MIPIM event, 2 nd edition, ...

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