The report also says that 2013 is the perfect time to acquire the best projects.
“2013 will be the year of proper analysis and selectivity. Romania’s demographics and attractiveness as an outsourcing destination remain attractive. The market now features institutional office products delivered by regional developers, a constrained supply pipeline and a return to sustainable rental levels,” the report reads.
According to JLL, with limited investor competition, there is now an opportunity to strategically secure proven successful projects-provided that deal structuring and product scrutiny are the key decision-making criteria.
The political instability brought about by proceedings to impeach President Traian Basescu, in the third quarter of 2012, increased funding costs and stalled investment activity for the entire quarter, according to the report.
Investor interest remains, however, concentrated only on the prime end of the spectrum, with minimal interest for the secondary markets or secondary product.” the report also reads.