“We have two new directions we want to follow,” said Valentin Morar.
Booming e-commerce doubled by a rising demand for industrial centers are pushing an increasing number of investors to look at this segment for future projects.
Arad-based developer Wallberg will hit total investments of around EUR65 million in XCity Towers of Timisoara in the next four years as it will comprise over 950 apartments. The total value of the project amounts to EUR100 million.
Wallberg group has an almost two-decade experience on the market and has developed housing projects in several cities such as Arad, Cluj-Napoca and Brasov.
Molnar underscored rising costs have weighed on the real estate market in 2021, but there’s still demand. He expects housing prices to rise further domestically.
(English version by Catalina Apostoiu)