SVN Romania is expanding its activities across borders

Real estate consultant SVN Romania expanded its activity across borders by launching the SVN Overseas division, which offers consultancy and brokerage services for dozens of residential projects, of which about 20 exclusively for Romanian buyers. In addition, the company plans to expand in Romania through 15 new regional offices in the main regional economic centres but also in Bucharest and its surroundings.

SVN Overseas closed in the last months dozens of agreements and representation contracts with real estate companies that develop premium residential and holiday projects in Bali, Bulgaria, Dominican Republic, Dubai, Spain (Costa del Sol and Costa Blanca) and Zanzibar. The company’s data shows that in 2023, Romanian investors resident in Romania bought several thousand properties in Dubai and Spain alone.

”The cross-border expansion of SVN Romania’s activities came as a result of the significant increase in the number of those who invest in a property located abroad. The potential yields that can be obtained from hotel administration exceed 15 percent per year in certain markets, such as Bali or Zanzibar, to which is added the value appreciation over time and the possibility of spending your holidays in an exotic destination. Several thousand transactions of this type are registered annually and now we will be able to offer consultancy and brokerage services to these investors as well,” said Andrei Sârbu, CEO SVN Romania.

The company plans to expand its activity nationally by opening, in the next three years, of more than 15 regional offices in the main regional economic centres in Romania, which will offer the entire range of business consultancy and brokerage services, as well as in Bucharest, where the offices will be focused on the sale of residential properties on the secondary market – i.e. homes that go through at least the second ownership change, regardless of the delivery date – and new non-exclusive projects.