In the first part of 2019, the Romanian real estate market sees changes in terms of prices, benefit packages and trends regarding acquisitions. Experts point out that price declines during this period are only an adjustment to demand, which will not turn into a long-term trend.
“We expect the market to see sight price decreases on the short and medium term and in the context of the largest housing volume in recent years and buyers’ moderate demand, we can say that the Imobiliarium edition this spring is expected to be much more interesting than at the end of 2018. On the other hand, these changes are not big and on a long term, which makes 2019 a good year for acquisitions”, said Adrian Stanescu, Project Manager Imobiliarium.
According to Stanescu, price decreases in Bucharest range from 2% to 5%, in some of Bucharest’s districts. Since the beginning of 2019, price declines have been recorded mostly at luxury home and mid-tier homes. More attractive offers are seen in this year’s edition, in northern Bucharest, in the city’s first, second and third districts, as well as in the surrounding Ilfov area.