“We can notice a polarization to several centers which are really important on the residential and office market– Bucharest, Cluj, Timisoara, Constanta, Iasi. In the other areas, nothing changed compared with two-three years ago in terms of prices or demand. Even the quality of products requested on the small markets is the quality used in the big development centers five years ago. Quality standards in the development areas have improved, and developers have higher demands to ensure the durability of the buildings. The other areas are too poor to be tempting for real estate developers’ investments, as good solutions are more expensive,” Teraplast manager told ZF Offices&Residential 2016 event, organized by Ziarul Financiar.
Real Estate
Stanean, Teraplast: Romanian Office Market Remains Polarized
The Romanian office market remains polarized between big development centers, in cities like Bucharest, Cluj, Timisoara, Constanta, and less developed cities, with less interest from constructors, said Alexandru Stanean, general manager of Teraplast, processor of PVC profiles and manufacturer of building materials and installations.