Romanian Property Trade Market

General information

• 80% of Romanian people choose to buy a house.
• 75% of the demand is by the growing middle class that buys housing with prices between €600 and €1.200 sqm.
• The latest demand is 1 million houses in the country, considering that 200.000 houses will need to be built and restored every year. Only in Bucharest 135.000 new apartments are expected to be required to cover the growing demand.
• Great investment by telecommunication and automotive multinationals in different industrial areas, which increases the demand.
• In 2008 projects with an overall value of €520 million will be started with the purpose of connecting different cities with the motorway system (Ploiesti Vest by-pass, Constanta by-pass, Bucharest Northern by-pass), redesigning airports and reforming dock facilities.
• Due to its history, culture and wonderful landscapes the number oftourists increased by 28% reaching 7,72 million visitors last year.