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Articles - study

Labor shortage is a bigger concern than the pandemic for companies over the next year

Nearly three-quarters (73%) of companies are concerned about the way labor and skills shortage will influence their business strategy within the next 12 months, slightly higher than the share of those which are concerned about the pandemic evolution, such as future COVID-19 variants (70%), according to the latest CEO survey conducted by Deloitte and Fortune magazine.

A lot of talking around ESG, but is Romania prepared for what’s coming?

Top 10 things real estate Investors and Landlords need to know

Almost three quarters of Romanian employees currently work from the office at least 3 days a week

The recovery of the economy, a greater dynamics of the companies' activity and the taking of safety measures in the workplaces led in 2021 to the return to offices, at least partially, of many public and private sector employees throughout the country.

After a year of uncertainty, optimism returns to the real estate market in Central Europe

The real estate market professionals in Central Europe returned to the level of optimism registered before the pandemic. Almost 40% of them expect an improvement in the general economic climate this year, 46% have positive expectations regarding real estate activity, and 48% rely on increasing the volume of transactions, according to the Deloitte Real Estate Confidence Survey for Central Europe 2021, conducted in the first quarter of this year in four countries in the region – Romania, Poland, the Czech Republic and Hungary. At the same time, 58% of the respondents expect the availability of investment products to increase in countries where they operate.

The Romanian investment market closed the first quarter in 2021 with transactions worth 85 million euro

The volume is 42% lower than in the first three months of the pre-pandemic year, following similar trends to the CEE region

Bucharest office market registered a consistent return of demand in the last quarter of 2020

In the last quarter of 2020, in Bucharest there were transactions of office spaces with a total area of 77,000 square meters, the highest quarterly value of the year, thus bringing the annual volume of transactions to approximately 237,000 meters squares, according to the real estate consulting company Cushman & Wakefield Echinox.

Investment volumes down at €588.5million in 2020, but Romania remains on the radar of investors

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising movements in pricing.

Top 10 predictions for the real estate market in Romania in 2021

2021 is expected to be a year of recovery, but the pandemic will still have a great influence.

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