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An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development

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  • Kamer-Ainur Aivaz

    (Ovidius University of Constanta)

  • Constantin Avram

    ("Dunarea de Jos" University of Galati)

Abstract

As time went on, Constanta County has become one of the emerging poles of residential development in Romania, primarily due to its excellent positioning as an economic hub driven by international trade, doubled by a tourism potential with a high degree of long-term growth. In this context, performance measurement remains a constant concern of the entire economic sector that can ensure the progress of an entity. The purpose of this paper is to carry out a dynamic analysis over an 11-year period of the profit margin at the level of the economic agents in Constanta County whose main object of activity is, according to the NACE classification, Real Estate activities/transactions. In the analyzed period, the year 2015 stands out, in which the resumption of lending for large projects and the return of investor confidence in the real estate sector created a contagious euphoria on the market which, coupled with the income accumulated in the crisis by investors looking for profitable capital investments, led to the emergence of a wave of acquisitions, thus stimulating the real estate transactions market. Moreover, although the Coronavirus pandemic has affected the entire planet, more precisely all the economic sectors and the real estate market has not been an exception, the evolution of real estate transactions in the year 2020 was beyond the expectations of specialists in Romania, Romanians showing an appetite for this kind of transactions also in the year of the pandemic.

Suggested Citation

  • Kamer-Ainur Aivaz & Constantin Avram, 2021. "An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development," Technium Social Sciences Journal, Technium Science, vol. 26(1), pages 475-487, Decembrie.
    • Handle: RePEc:tec:journl:v:26:y:2021:i:1:p:475-487
    DOI: https://doi.org/10.47577/tssj.v26i1.5315
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    References listed on IDEAS

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    1. Talpsepp, Tõnn & Tänav, Anne-Liis, 2021. "Do gender, age and education affect herding in the real estate market?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
    2. Devaney, Steven & Livingstone, Nicola & McAllister, Pat & Nanda, Anupam, 2019. "Capitalization rates and transaction activity in international office markets: A global perspective," Global Finance Journal, Elsevier, vol. 42(C).
    3. Isler, Ozan & Flew, Terry & Erol, Isil & Dulleck, Uwe, 2021. "Market news and credibility cues improve house price predictions: An experiment on bounded rationality in real estate," Journal of Behavioral and Experimental Finance, Elsevier, vol. 31(C).
    4. Choy, Siu-Kai & Yu, Carisa K.W. & Lee, Tanki C.L. & Lam, Benson S.Y. & Wong, Catherine Y.W., 2021. "A two-stage variational jump point detection algorithm for real estate analysis," Land Use Policy, Elsevier, vol. 111(C).
    5. Ionela FLOREA MUNTEANU, 2021. "Comparative Analysis on Financial Performance and Sustainable Incentives in the Construction Sector. Evidence from the Coastal Area of Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 61-67.
    6. Mari-Isabella Stan, 2021. "Issues concerning the dynamics of labor productivity at the level of the companies in Constanta County operating in the "Construction" sector before and after the COVID-19 pandemic," Technium Social Sciences Journal, Technium Science, vol. 25(1), pages 225-241, November.
    7. Renigier-Biłozor, Małgorzata & Źróbek, Sabina & Walacik, Marek & Janowski, Artur, 2020. "Hybridization of valuation procedures as a medicine supporting the real estate market and sustainable land use development during the covid-19 pandemic and afterwards," Land Use Policy, Elsevier, vol. 99(C).
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    Cited by:

    1. Mari-Isabella Stan, 2022. "Does the activity of passenger transport have growth potential for the sustainable development of Constanta County?," Technium Social Sciences Journal, Technium Science, vol. 29(1), pages 509-522, March.
    2. Mari-Isabella Stan, 2022. "The influence of the real estate market on the economic development of Constanta County," Technium Social Sciences Journal, Technium Science, vol. 38(1), pages 805-817, December.
    3. Mari-Isabella Stan, 2022. "An Analysis of the Municipal Waste Management of Romania and Bulgaria in the European Context," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 166-174, September.

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    More about this item

    Keywords

    Performance; real estate transactions; sustainable development; profit margin;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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