27.01.2024
Top 3 trends you foresee in 2024 for the real estate market?
“The limited pipeline in the office segment will translate into rental growth, while demand is expected to remain consistent even if the renegotiations/renewals of existing contracts will be the main driver of this relatively high demand. A further rental growth is estimated also for industrial and logistics projects, where the pipeline consisting mainly of build-to-suit projects will lead to a further vacancy rate drop.
Reducing in the interest rate will sustain the recovery of the property investment activity.
New logistics and manufacturing hubs are due to be developed in Romania, an investment that will be encouraged both by the strong infrastructure plans and by the Schengen entry.”
Main challenges and opportunities in 2024?
“Main challenges in 2024 – Cost of money and difficulties in securing capital for further real estate developments, the urbanistic issues in Bucharest, a complex geopolitical context, the upcoming elections in Romania and also around Europe and the US.
Opportunities 2024 – The main opportunity for the current year lays in the fact that certain strategic properties still can be transacted at prices below the 2020 level and definitely below the 2025 level, if no new black swan shows up.”
What are your company’s business targets in 2024?
“Our main business target is to consolidate our market position as a leading real estate consultancy company, both by expanding and strengthening the existing business lines and also by adding new services which would allow us to address our ever–increasing client requests.”
