0 CHECKOUT

Romania Real Estate Report Q1 2015

  • ID: 3057780
  • December 2014
  • Region: Romania
  • 65 pages
  • Business Monitor International
1 of 3

BMI View: Having lagged behind much of Central and Eastern Europe (CEE), a robust and fast growing Romanian economy will provide the principal driver for the country's commercial real estate sector over the next two years. This stable backdrop will allow Romania to put itself increasingly on the radar of the international investment community, as the country acquires something of a safe haven status amid political and economic upheaval to the east and west of the country. However, we note that heavily levels of existing rental stock will prevent rental rates from moving upwards over our forecast period.

The Q1 2015 Romania Real Estate focuses on the rental market performance of the office, retail and industrial commercial real estate segments in three key cities - Bucharest, Cluj-Napoca and Brasov. A key focus of our research over recent quarters has been the country's economic recovery and its effects on rental and investment demand across the commercial real estate sector. With GDP expanding by 3.5% in 2013, the country began to surge ahead of much of the European Union (EU) region as pent up demand from the downturn starts to translate into acceleration in corporate and consumer spending.

Note: Product cover images may vary from those shown
2 of 3

BMI Industry View 7

SWOT 10

Political 12

Economic 13

Business Environment 14

Industry Forecast 15

Office 16
Table: Office Forecast Rents - (USD/sq m/month) 17
Table: Office Medium-Term Net Yield Forecast (%) 17
Table: Retail Forecast Rents - (USD/sq m/month) 18
Table: Retail Medium-Term Net Yield Forecast (%) Forecast Net Yield, 2011-2018 (%) 18

Industrial 19
Table: Industrial Forecast Rents - (USD/sq m/month) 19
Table: Industrial Medium-Term Net Yield Forecast (%) 20

Construction And Infrastructure Forecast Scenario 21
Table: Construction & Infrastructure Industry Data (Romania 2012-2017) 21
Table: Construction & Infrastructure Industry Data (Romania 2018-2023) 22

Macroeconomic Forecast 28

Economic Analysis 28
Table: Economic Activity (Romania 2009-2018) 33

Industry Risk Reward Ratings 34

Central And Eastern Europe - Risk/Reward Index 34
Table: Central And Eastern Europe Real Estate Risk/Reward Index 34

Romania Risk/Reward Index 35

Rewards 35

Risks 35

Market Overview 37

Office 40
Table: Historic Rents - 2013-2014 (USD/sq m/month) 41
Table: Net Yield, 2013-2014 (%) 42
Table: Terms Of Rental Contract/Leases, H1 2014 42

Retail 43
Table: Historic Rents - 2012-2014 (USD/sq m/month) 44
Table: Net Yield, 2013-2014 (%) 45
Table: Terms of Rental Contract/Leases - H1 2014 45

Industrial 46
Table: Historic Rents - 2013-2014 (USD/sq m/month) 47
Table: Net Yield, 2013-2014 (%) 48
Table: Terms Of Rental Contract/Leases - H1 2014 48

Competitive Landscape 49

Company Profile 53

TriGranit 53

Demographic Forecast 56
Table: Population Headline Indicators (Romania 1990-2025) 57
Table: Key Population Ratios (Romania 1990-2025) 57
Table: Urban/Rural Population & Life Expectancy (Romania 1990-2025) 58
Table: Population By Age Group (Romania 1990-2025) 58
Table: Population By Age Group % (Romania 1990-2025) 59

Methodology 61

Industry Forecast Methodology 61

Sources 62

Risk/Reward Index Methodology 63
Table: Real Estate Risk/Reward Index Indicators 64
Table: Weighting Of Indicators 65

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

PURCHASING OPTIONS

HAVE A QUESTION?

EMAIL US VIEW FAQs

RELATED PRODUCTS from Db

Our Clients

  • AWG Property Ltd.
  • Douglas Elliman Real Estate Inc.
  • PWC
  • Health Care REIT Inc.
  •  El-Mansur Atelier Group
  • 3M Company