”The projects we sell, for instance, Cosmopolis, see a real increase of 3-5%, compared with three-four years ago. The other projects with repetitive sales, are expected to see an increase of nearly 5%. It is a natural growth and we will probably witness an increase of 5-10% in the future. Some areas see a poor construction activity, while others boast intense construction activities,” said Voicu.
Voicu also said it is normal to see a healthy price increase, in the context of a healthy demand, considering that end consumers make up 90%. The real estate market faced huge problems when 90% of buyers were investors.
Over 25,000 housing units are under various stages of development and are due to be delivered in 2017 in Romania’s main regional residential markets, such as Bucharest – Ilfov, Cluj – Napoca, Sibiu, Brasov and Constanta, according to a study by real estate consulting firm Coldwell Banker Romania. The biggest residential market in Romania is the Bucharest– Ilfov region, where some 12,000 housing units are currently under development in residential projects due to be delivered in 2017, provided real estate developers observe their commitments.