ACTIV PROPERTY SERVICES RELEASED THE ANNUAL REAL ESTATE MARKET (SPRING 2018)

ACTIV PROPERTY SERVICES RELEASED THE ANNUAL REAL ESTATE MARKET (SPRING 2018)

Published at: 2018-04-16 14:33 | Author: GVA Activ Property Services
Activ Property Services released the Annual Real Estate Market Report, presenting the evolution of the main indicators of the real estate market in Romania in 2017: demography and economy, the retail market, the office market, the industrial market, the residential market and the investment market.

According to the report, real estate market registered a spectacular evolution in 2017, with record volumes of activity on the industrial and office sectors, record demand in most of the sectors and growing occupancy rates. Rental levels were generally stable, with some increases reported for retail and industrial spaces, while residential prices increased by an average of 10%.

Real estate forecast is positive for 2018, being expected increases in development pipeline, active levels of demand in all sectors, together with a stable/up evolution of rents and further reduction of prime yields. Retail completions are announced to include 93,200 sq m GLA of shopping centre space and to jump to a maximum potential of 135,000 sq m GLA of retail parks in 2018, however not all projects are likely to be opened in term. Office stock under construction to be delivered in 2018 exceeds 200,000 sq m GLA in Bucharest and a record volume of 155,000 sq m GLA outside Bucharest. Industrial stock under construction accounts for more than 315,000 sq m GLA, out of which 75% is concentrated in Bucharest area.

The full report is available on the company's website: https://www.activpropertyservices.ro/en/market-analysis

Similar Stories:

Growing supplies announced for delivery in 2018 in all real estate sectors
The real-estate market is registering a significant growth in pipeline volumes at the half  »
Taxplan joins ASB Group
We are delighted to announce that on 30 May 2018 Taxplan will merge with ASB Group, a lead  »
We are pleased to announce that ASB Slovakia joins SLOVCA
ASB Slovakia is now a member of the Slovak Venture Capital & Private Equity Associatio  »
C&W expands to Serbia through affiliation with CBS International
Cushman & Wakefield has signed an exclusive arrangement with CBS International as its  »
It’s not uncommon at the peak of an economic boom to see new companies being founded, bu   »
After winning a prize at the MIPIM awards in Cannes, France, the Belgianbased developer Im   »
Deals worth more than €250m were completed on Greece’s commercial real estate market d   »
RETAIL The retail market is rapidly splitting into a two-tier market, with rents and deman   »