The endurance of Romanian real estate market, above expectations.
After the initial concerned outlook on the future of the real estate market in connection with the health crisis’ all-encompassing effects, the second year of the pandemic has allowed us to draw some better informed conclusions. Without undermining the severe economic ramifications of the COVID-19 pandemic, which will extend in the medium term, some segments of the Romanian real estate market have surprisingly benefited from the newly emerged context, says the annual report of Crosspoint Real Estate.
Like: residential sales have peaked, the industrial and logistics market has had a towering success, consumers have resumed their spending behavior along with the softening of restrictions, reducing the pressure felt by the retail segment; even the office market, among the first segments to receive the blow of the impact, has had a reasonable recovery.
