Representatives of the Federation of Construction Companies Employers (FPSC) warn that the current construction crisis could throw the economy into recession and ask the government for tax subsidies and facilities to raise workers' wages in construction and halt the exodus of employees abroad, as well as a minimum salary of 500 euros, and total tax of 20%, reduced from about 45% today.
Romania has remained an attractive real estate market for new or already existing investors in the Central and Eastern Europe (CEE) region, boosted by rising purchasing power and dominated by retail and office space, according to the KPMG Barometer on Real Estate Lending .
eMAG, the largest online retailer in Romania, opened the largest logistics center of its kind in South East Europe, with a length of 600 meters and a width of 200 meters.
The market of industrial and logistic spaces in Romania faces the best period in history, both in terms of demand and supply, with development being concentrated in a series of large cities with access to at least one highway that facilitates the transport and distribution of goods in a shorter time and with lower costs to a larger number of customers.
BSH Hausgerate, part of the German group Bosch will open a washing machine factory in Simeria, with a capacity of one million units a year, the building permit being recently signed by the mayor of the town, Emil Rîsteiu, who said that the investment will generate over 700 jobs locally.
German group Metro Cash & Carry has consolidated its distribution activities in a single project with an area of over 58,000 square meters, to be developed by the Belgian company WdP in Ştefăneşti, north of Bucharest.
Unified building and urbanization legislation, public and private sector cooperation, and the existence of fiscal facilities for "green" buildings or the creation of investment vehicles in real estate are some essential measures that would place the real estate market on solid bases and would attract easier investors in assets, in the opinion of lawyer Roxana Dudau, associate partner Noerr and a member of Bucharest Real Estate Club.
The real estate market followed an upward trend in 2018, with positive results in all sectors of the market. On the background of the increased interest of companies for modern office space and a low vacancy rate, Class A office space segment in Bucharest and in regional cities will continue to grow at an accelerated pace in 2019.
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