Local Developers Grow Confident in Romanian Real Estate Rebound

The real estate market from Romania is showing some rebound signs after six years of severe crisis, consider the investors active in the market and the consultancy companies attending at SEE Real Estate Forum. David Hay, the CEO of AFI Europe Romania, Latvia and Bulgaria, declared: “The American and European investors are interested in coming to the retail market from Romania. I am certain that there will be some transactions right from this year. Moreover, Romania is the next BPO market after Poland”. David Hay emphasized that the investors of the AFI investments fund take into consideration when selecting the real estate developments, the location and the quality of the public transportation, the possibility of expanding and the proximity to commercial centers. Along the current investments, the official of AFI also declared that the fund is planning a real estate project which will be located on Progresul Street from Bucharest, near Marriott Hotel, but is also planning the construction of Vulcan Retail Center.

“Many foreign companies from the real estate market came to us asking details and they are interested in Read more