Colliers | Top 10 Predictions 2019 - Year-End Review
12 December 2019 • Real estateAt 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.
Smart Austrian Property Investment
1 December 2019 • Real estateAustria is a favourite holiday destination, both in summer and in winter. It is easy to get to and popular with tourists from Benelux, Germany and the UK. Thanks to an increasingly prosperous middle class, more and more holidaymakers from neighbouring countries are also discovering Austria as an ideal holiday destination. Tourism to Austria has been growing for many years, so there is a big demand for good, comfortable holiday accommodation.
For rent 200m2 Office space Herastrau Nordului Bucharest
25 December 2019 • Real estateAvailable for rent 200m2 rentable area on the fifth (top) floor of a modern boutique office building in the Herastrau area of Bucharest. The building has in total 2.500 m², divided over 6 levels (G+5). It has a terrace of 200 m² located on the ground floor and 2 balconies per floor.
BLISS Imobiliare joins as first Romanian Real Estate agency HOUSING AGENT
22 December 2019 • Real estateBLISS Imobiliare joins HOUSING AGENT as first Romanian Real Estate agency. We are looking forward to this collaboration in our strive to make the process of moving and/or investing in Romania easier and fun offering our experience and knowledge of this very exciting and challenging market.
CEE Investment Report Thriving Metropolitan Cities
14 October 2019 • Real estateThe stock of modern office space has been growing steadily over recent years and now totals 21.8 million sqm throughout the entire CEE region. Forecasted completions by 2021 will increase this number by a further 20% - to 26.5 million sqm. Last year’s commercial real estate investment volume across CEE reached approximately €13.2 billion, with over €5 billion deployed in the office market.
Bucharest Romania has one of the highest seismic‐hazard levels in Europe.
3 May 2019 • Real estateBucharest Romania has one of the highest seismic‐hazard levels in Europe. The Municipality of Bucharest is one of the capitals with the highest seismic risk in the world. Bucharest is particularly vulnerable to seismic hazard due to: the high density of inhabitants, especially within the residential districts with blocks of flats; the old public utility fund; the out-of-date infrastructure; the numerous industrial parks that are undergoing a restructuring process, not to mention the inefficient organization of civil protection and poor education of the population regarding seismic risk.
CEE Investment Market | H1 2019 | JLL
13 August 2019 • Real estateAnother record-breaking year for CEE? During the first six months of 2019 the CEE investment market saw a number of transactions for a total in excess of over €5.47 billion. Poland, with a nearly 50% of that amount, is the clear front-runner and it seems that, due to the extensive pipeline for H2, the country may approach the record- breaking volumes registered in 2018. In the Czech Republic, which accounted for 30% of those deals, investment appetite remains strong; however, the market there is hampered by a limited supply of prime assets and relatively high price expectations.
Romania The country where 96% of homes are privately owned
20 November 2018 • Real estateRomania ranks first in the world for private home ownership. But that doesn’t mean buying a home is easy. Romania touts the highest rates of home ownership in world. According to Eurostat data, 96% of Romanians live in owner-occupied dwellings. But government policies, economic shifts, fewer rental opportunities and mounting social pressure to become a homeowner means the experience of owning a home in Romania has been wildly different across generations.
Where to Invest in Property Across Europe in 2018
9 August 2018 • Real estateAccording to PwC and Urban Land Institute (ULI), a Washington-based Research NFP Centre, the European Property Market continues to ride the swell on the back of a robust performance from the previous financial year. The recent survey conducted by (PwC and ULI, ‘Emerging Trends in Real Estate Europe 2018’ has analyzed markets in 31 European cities and 23 real estate sectors for their investment and development potential. With a focus on high quality assets across all major European markets, investors have shown an appetite for risk to achieve the targeted returns.
BREC Talks to Ben Adams Founding Director, Ben Adams Architects
2 August 2018 • Real estate"Office buildings need to be interesting, creative, non-standard and exciting to be in. Bucharest is still building largely boring buildings and needs to wake up to the demand for better buildings that let at higher rents."
Half of office developers in Romania expected to opt for WELL certifications over the next five years
30 July 2018 • Real estateWith a history of almost four years, the WELL Building Standard certification has started to shift the attention from the built environment to the health of employees. In Romania, this phenomenon is in its inception and Colliers International is the first real estate consultancy company to have its own team of WELL professionals, with two of the five being present on a national level.
CEE Investment Market | H1 2018
30 July 2018 • Real estateThe CEE region continues to be a key target for both international and domestic investors. The CEE region's macro-economic story, encouraging retail performance levels plus very strong office and industrial occupational markets, together with an attractive yield profile provides for a very positive story for investors.
Colliers International Romania Mid-Year Market Update
30 July 2018 • Real estateIn the post-crisis period, Romania has been the most successful economic convergence story this part of Europe. In fact, if the service-led growth continues at a pace similar to the post-crisis period, Romania is likely to surpass Hungary by end-2022 and catch up to Slovakia by end2028 in terms of GDP per capita, adjusted to purchasing power standards (this indicator is widely used as a proxy for living standards).
JLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018.
30 July 2018 • Real estateJLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018. The CEE region continues to be a key target for both international and domestic investors. The CEE region's macro- economic story, encouraging retail performance levels plus very strong office and industrial occupational markets, together with an attractive yield profile provides for a very positive story for investors.
BR Analysis. The most expensive real estate projects in Romania
24 July 2018 • Real estateThe Romanian real estate market is going through a positive period, as there are large, mixed projects that combine homes, offices and retail such as Isho Timisoara or Timpuri Noi Square, as well as combining retail and offices, in projects like Openville Timisoara or AFI Cotroceni.
Regional cities are increasingly present on international investors' radar
23 July 2018 • Real estateCluj-Napoca, Timisoara, Iasi and Brasov are becoming alternatives to Bucharest. The accelerated economic development of the major regional cities in Romania is beginning to influence their real estate market as well. According to the real estate consultancy company Colliers International, there are strong arguments to support the increased interest in office leasing and the strong investment potential, so cities such as Cluj-Napoca, Timisoara, Iasi or Brasov can offer an alternative to Bucharest.
What will the homes of the future look like? True luxury is green
17 July 2018 • Real estateCompared to previous years, the residential market is now much more evolved and clients are more demanding and informed. More and more people who want to buy green homes compared to those who are looking for an apartment in a block of flats are increasingly concerned about the quality of their lifestyle, the comfort and safety that their family home brings, energy efficiency and lower maintenance costs, not just the price per square meter as they were interested in the past. So there are more and more quality projects being built.
Romania, among world’s top 30 most transparent real estate markets
11 July 2018 • Real estateRomania is among the transparent real estate markets in terms of information availability, according to this year’s edition of JLL’s Global Real Estate Transparency Index. Romania ranks 29th out of 100 markets covered by this index.
Building permits in the first five months of the year increased 8 percent compared with the same period of the last year
5 July 2018 • Real estateIn the first five months of the year were issued 16,287 building permits for residential buildings, at national level, according to INS data, an increase of 8 percent compared to the corresponding period of the previous year.
Intravilan plot of land for sale, located in the north of Bucharest, in Baneasa Pipera area
5 July 2018 • Real estateBuildable plot of land, 4.000sqm, located in northern Bucharest, in the Baneasa Pipera area. The land is suitable for residential development.
BREC Talks to Adrian Untaru, Co-Founder, ADNBA
5 July 2018 • Real estate"We have many small developers that don’t allow the risk to get out of a pattern and, in this way, we have an excess of similar products. The demand for new homes is high, whatever there is on the market is being sold and we produce what has been sold."