2025 Trends with Ionel Purice, Genesis Property
Looking ahead to 2025, Genesis Property’s focus is on completing the third phase of YUNITY Park – the Innovation Center, a €20 million investment.
Looking ahead to 2025, Genesis Property’s focus is on completing the third phase of YUNITY Park – the Innovation Center, a €20 million investment.
2024 was a solid year, with a healthy growth, managing to record an increase in turnover by about 30% compared to 2023. Last year we had 1,035 finalized apartments, 96,000 sqm built and 8,700 sqm of green spaces and playgrounds.
Investors, developers and practitioners are aiming for the approval of the Urbanism Code, which is aimed to revolutionize many of the old approval procedures for urban plans and regulations, as well as to facilitate the development of real estate projects.
We are now more determined than ever to expand to regional cities, and we are currently looking into Brasov, Timisoara, and Cluj.
Construction of the second phase of Timpuri Noi Square is progressing on schedule, with completion expected in the fourth quarter of 2026.
One of our most anticipated deliveries for 2025 is One Gallery, a multi-functional retail hub developed through the restoration of the former Ford’s historic factory.
A stable and predictable legislative environment is key to fostering confidence and ensuring the continued growth of residential projects in Romania.
Romania can become a Place To Be for many real estate investors and developers.
“2024 is coming with economic challenges and market uncertainty.”
“One of the big challenges for this year remains the buyers’ capacity to access banking loans.”
“A trend expected to dominate in 2024 is a greater focus on sustainability.”
“One primary objective we have set for 2024 is the digital transformation of our company. “