On the other hand, survey participants expect an increase in real estate deals in the coming period, with the optimism degree varying between 64% in Czechia and 24% in Romania.
Regionally, half of participants forecast improved market activity this year, from 40% a year ago, while the percentage of those expecting a decline shrank to 14%, from 16% in 2024. However, whereas in countries such as Poland and Czechia the perception is in line with the regional average, in Romania 41% of participants expect activity deterioration and just 18% bet on growth.
Perception about the economic climate has also improved in the region in the past year, with 36% of respondents expecting a positive evolution (from 29% a year ago) and just 19% projecting deterioration. Romania again stands out, with 57% of respondents estimating an economic climate worsening and just 14% a favorable evolution.
The fiscal framework will remain stable in the coming period in the region, believe 71% of respondents, but most of those from Romania (70%) expect a tax system toughening.
In terms of the fields perceived as the most dynamic in the next five years, green power infrastructure leads in the region, but also in individual countries. Next come data center and healthcare projects.
“The survey results indicate the market is evolving and despite challenges players are adjusting to the new realities and focusing on the fields with the biggest growth potential in the coming years: green transition, technology and healthcare,” says Irina Dimitriu, Partner at Reff & Associates | Deloitte Legal, and Real Estate Industry Leader at Deloitte Romania.
Mainly players of Czechia (32%), Romania (19%), Poland (13%), Hungary (4%) participated in this year’s survey, and 32% of participants operate on several markets of Central Europe.
(English version by Catalina Apostoiu)