Many cities have a high growth potential and these secondary cities are growing quite rapidly, he added.
Speedwell completed a mixed project in Cluj-Napoca Record Park and is starting works for the Paltim project in Timisoara, which will have 233 apartments and 13,000 square meters of offices besides other facilities.
According to Jan Demeyere, the rising building materials prices are a challenge for real estate developers as the increases are coupled by pressures in the sustainability area, meaning higher costs for builders.
(English version by Catalina Apostoiu)