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Determinants of the real estate market: the Romanian case

Author

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  • Dumitru Dan POPESCU

    (Bucharest University of Economic Studies, Romania)

  • Costin CIORA

    (Bucharest University of Economic Studies, Romania)

Abstract

Real estate represents a significant portion of most people's wealth, and this is especially true for many homeowners everywhere in the world. The size and scale of the real estate market make it an attractive and lucrative sector for many investors. This paper aim at presenting the main determinants of the real estate market in Romania such as demographics, interest rates of financing instruments, the economy (measured by economic indicators such as the GDP, employment data, manufacturing activity, the prices of goods), government policies/subsidies legislation that can have a sizable impact on property demand and price, real estate investment opportunities, depth and sophistication of capital markets, investor protection and legal framework, administrative burdens and regulatory limitations, and socio-cultural and political environment.

Suggested Citation

  • Dumitru Dan POPESCU & Costin CIORA, 2015. "Determinants of the real estate market: the Romanian case," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(Special(I), pages 21-34.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:special(iii):p:21-34
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    Cited by:

    1. Remus Dorel ROȘCA & Sebastian ȘIPOȘ-GUG, 2021. "Demographic And Economic Factors Influencing The Real-Estate Market In Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 30(2), pages 319-328, December.

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