Conference Romania in the spotlight. Market opportunities – Review and trends shaping the industrial and commercial property market. @Expo Real 2019
Discover Romania and its market trends at Expo Real 2019
The Romanian pavilion at the International Trade Fair EXPO REAL is organised for the 8th time in a row by the German-Romanian Chamber of Commerce (AHK Romania).
Expo Real, Munich
Discussion & Networking Forum, hall A1, stand 250/150
- 07.10.2019 | 17:00
- 07.10.2019 | 17:45
No registration required
Discover Romania and its market trends on the first day of trade fair during the conference: Romania in the spotlight. Market opportunities – Review and trends shaping the industrial and commercial property market.
Driven by strong private consumption and double-digit wage increases, Romania continues to be one of the fastest-growing European economies, with a real GDP growth of 4,1% in 2018. No signs of slowing down are in sight, as forecasts from the IMF and the European Commission project annual growth rates higher than 3% for the next five years.
Bucharest remains the main interest point for real estate transactions. By 2021, 4 million sqm of modern office space will bring the capital a step closer to a more mature CEE market.
In addition to Bucharest, cities like Cluj, Timisoara, Constanta or Iasi are becoming increasingly interesting for investors and developers: in the first half of 2019, 70% of the market’s sales volume was directed towards other cities than Bucharest. They are generating demand for office space, as well as for industrial and mixed-use developments, and are expected to continue to do so in the following years, due to internal migration and increased opportunities in the region.