The evolution falls within the trends estimated for most European states, except France, Finland, The Netherlands, The Czech Republic and Turkey, where housing prices are expected to grow 2% to 5%.
On the rental segment, almost 3 in 10 respondents envisage price declines on the local market, both in rural and urban areas, while over four in ten respondents expect a decline in the volume of real estate transactions for all types of properties in Romania.
“The high unemployment rate, the general uncertainty, respectively, buyers’ financial insecurity are among the main reasons triggering a decline in the volume of transactions,” per RE/MAX Romania representatives.
Across Europe, experts expect a slight downward trend in the volume of transactions, expect France, Poland, Bulgaria, where some 50% of participants see increases on the housing segment.
Over 65% of respondents see a decline in the volume of transactions on the retail segment, in terms of both sales and acquisitions. Also, over 40% of respondents expect a decrease in the number of transactions on the segment of properties for investments.
RE/MAX is the largest network of franchised offices in Romania, with over 50 franchises and over 500 members. RE/MAX Romania targets 110 franchised offices and over 1,000 real estate agents until 2023.
RE/MAX is the world’s top real estate franchise. The company, established in 1973 in Denver, currently has more than 125,000 affiliated agents in 8,000 offices located in some 110 countries worldwide. In Europe, RE/MAX operates in 40 countries, with over 2,000 offices and 26,000 agents.