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The Real Estate Market in Romania – A Post COVID Analysis

Author

Listed:
  • Alina Elena Cerchia (IonaÅŸcu)

    (“Ovidius†University Constanta)

  • Alexandra Zaif (Popa)

    (“Ovidius†University Constanta)

  • Daniel Lipară

    (“Ovidius†University Constanta)

Abstract

The aim of this article is to analyze the direct investment opportunities in real estate in Romania and the future trends and forecasts for the real-estate market, focusing on the residential segment. The Romanian residential market changed after the 2009 economic crisis when the prices dropped down dramatically. Nowadays, the properties became slightly overpriced and also the value of yields from the rentals are going up. The paper presents an analysis of the value of the yield from rent fee in Romania and the methods for calculating the yield, the factors that have a direct influence over the yield and the main reasons why the yield from rent is fluctuating. Taking into account the current situation, the commercial real estate market is analyzed before pandemic but also post - pandemic consequences are emphasized. We conclude with the future modern trends are how the market can adapt to “new†by using the innovation in the real estate market for the economic growth.

Suggested Citation

  • Alina Elena Cerchia (IonaÅŸcu) & Alexandra Zaif (Popa) & Daniel Lipară, 2021. "The Real Estate Market in Romania – A Post COVID Analysis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 729-735, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:729-735
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    More about this item

    Keywords

    real estate; yield; rent; properties;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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