Mauricio Mesa Gomez, Country Manager Cordia Romania, describes the coming of age and maturation of the residential market in Romania in the most recent market report made by Imobiliare.ro, based on the data provided by the Analize Imobiliare platform.
“A residential market reaches maturity through slow growth, with minimal fluctuations in one direction or another, without spectacular developments in one direction or another and this is what is currently happening in Romania today. The evolution without great variations of the prices of the apartments also represents a good indicator concerning this ever more pronounced trend towards residential market maturity. Nationwide, asking prices increased by 1.9% in October versus September, according to the Imobiliare.ro index, whereas the increase compared to October 2018 is of 5.5%.
This is a healthy growth, generated by the law of creditworthy demand and by the principle of supply tailored to customer requirements. Upon making a purchase decision, customers are guided by a mix of criteria, which includes elements such as the quality of design, fair prices, green areas, good location, easy access to public transport, closeness to schools, as well as social facilities. They no longer merely buy square meters, they are interested in the quality of the built area, in the partitioning of the home, in the services provided by the developer. For instance, modern technology, such as the smart-home systems and the charging stations for electrical cars, is a criterion which is becoming increasingly important for the customers. The entire living experience matters to them, not just the property itself.”.
Read the entire article here: https://www.analizeimobiliare.ro/
