Residential Investments in Romania Most Profitable in Real Estate Market

The residential investments have, for the first time in the last few years, the biggest yield in the market – 10%, ahead of the amounts obtained in the other segments – industrial, commercial, offices, according to the data of the consultancy and brokerage company Coldwell Banker Affiliates of Romania. But, the yields on the local market are falling, as the market reaches maturity.

The only market segment which does not offer a falling yield vs. 2006 is the residential one. Presently, the segment assures for the investors the highest yield in the market – 10 per cent, followed by the industrial one – 8.9 per cent, commercial – 8 per cent, and offices – 7 per cent.
“The very big demand was the perfect catalyst for the exceptional development of the real estate market, guaranteeing the steady growth of the whole sector.
The fall of the yields in the market in the Czech Republic and Hungary determined the investors to turn towards more profitable opportunities in the East, and thus Romania becomes increasingly attractive for the developers that look for bigger profits than those in the western market,” reads a survey drafted by Coldwell Banker Affiliates of Romania.
Some of the natural persons that buy dwellings in residential complexes decide at the end of the construction to send the property, increasing to overt 50 per cent the weight of the flats purchased for purposes of speculation by the investors, according to the data of the company.

“Almost 50 per cent of the new dwellings are purchased by investors. There are projects that even change the owner, the acquisitions going as high as the takeover of 90 per cent of the investment. But these cases are few,” declared in a press conference Razvan Stroiescu, director of the residential department of the consultancy and brokerage company.

He mentioned that there are also many natural persons that acquire new dwellings since the design stage, but towards the finalisation of the project, they decide to resell them, as a result of the growth of their value.

The real estate service company Coldwell Banker Affiliates of Romania, operational on the Romanian market starting this year, intends to acquire several firms with the same profile in the main cities of Romania, in order to have a national network of 20 offices in the next three years.

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