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Romania Real Estate Report 2015

Romania Real Estate Report 2015

BMI View: With growing public confidence in the current parliamentary administration and risinghousehold spending, we believe that Romania's commercial real estate sector is set to experience buoyantgrowth, rendering it an attractive investment opportunity. However, companies should remain vigilant as tothe situation regarding the stagnation in rental rates as a result of high vacancies.

The Romanian economy looks to outperform its CEE peers over the 2015 and 2016 period as improvedgovernment fiscal policy and robust consumer spending drive economic growth further than peripheral EUemerging economies. Due to the favorable conditions witnessed, we have revised our GDP forecast from3.4% to 3.6% for 2015 and 2016, exceeding prior prospects and revealing the growing potential for theRomanian economy. Looking ahead in the forecast period, we expect to witness increasing publicconfidence influencing investor confidence and business sentiment, which dwindled under the Iotaadministration in previous years over corruption allegations and poor EU funding absorption. But with theinauguration of the Iohannis government expect to see fiscal fundamentals change and create a moreappealing investment location in the coming years; which will see further market diversification as thegeographic location, and improved geopolitical standing, of Romania proves to be valuable as a routebetween the East and West. This is a pertinent topic for commercial real estate as, historically; Romanianassets have proved sensitive to periods of political unrest across the region.

BMI Industry View
Operational Risk
Industry Forecast
Office Industry Forecast
Table: Office Rental Rates
Table: Office Yields
Retail Industry Forecast
Table: Retail Rental Rates
Table: Retail Yields
Industrial Industry Forecast
Table: Table: Industrial Rental Rates
Table: Industrial Yields
Residential/Non-Residential Building - Outlook and Overview
Table: Residential and Non-Residential Building Industry Data (Romania 2013-2018)
Table: Residential and Non-Residential Building Industry Data (Romania 2019-2024)
Major Projects Table - Residential & Non-Residential Buildings
Table: Major Projects Table - Residential & Non-Residential Buildings
Macroeconomic Forecast
Economic Analysis
Table: Economic Activity (Romania 2010-2019)
Industry Risk Reward Ratings
Table: CEE Real Estate Risk Reward Index
Market Overview
Competitive Landscape
Property Developers
Property Managers
Demographic Forecast
Table: Population Headline Indicators (Romania 1990-2025)
Table: Key Population Ratios (Romania 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Romania 1990-2025)
Table: Population By Age Group (Romania 1990-2025)
Table: Population By Age Group % (Romania 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Real Estate Risk/Reward Index Indicators
Table: Weighting Of Indicators

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