Ovidius University Annals: Economic Sciences Series (Jan 2021)
The Real Estate Market in Romania – A Post COVID Analysis
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.