British company Aviva Investors, asset manager for Aviva – one of the world leaders in insurances and pensions – exited the Romanian market following the selling of the last properties to Australian investor Valad Europe.
Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.
Romania could have the highest economic growth among the countries in Central and Eastern Europe this year, with a GDP increase of 4.1%, according Austrian bank Erste Group’s analysts.
Business people in Brasov and neighboring counties have more positive predictions on Romania’s economy than the national average, with 69 percent respondents in Brasov and surroundings being confident, as compared to a national median of 61 percent.
P3 Logistic Parks, a leading pan-European logistics real estate owner, developer and asset manager, has started 2016 with almost 220,000 m2 of warehouse space under construction in four countries across Europe, already almost doubling its 2015 development total of 113,000 m2.
Ministry of Finance in Romania intends to increase the state aids budget for investments with large impact on economy, from 2.7 billion lei to 3.828 billion lei. Nine companies have received by far grants from the State, with a total value of 436.4 million lei.
The good macroeconomic situation of Romania is known by the foreign real estate investors, present at MIPIM, one of the world’s largest real estate events. However the immergence of the politics to justice, the corruption, the long terms of commercial related trials, as well as the timid presence of the local investors on the Romanian real estate market are among their concerns when thinking about investing in Romania, according to a JLL study.
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