Romanian real estate markets expects €1.2B in new investments for 2023

The best-rated real estate investment destinations for 2023 outside Bucharest are Cluj-Napoca, Timișoara and Iași, followed by Brașov and Constanța. Oradea, Arad, Ploiesti and Galați-Brăila are also on the investors’ map.

Despite an unstable economic climate, the decision-makers in the real estate sector maintain their confidence in the regional centres, the main opportunities identified by them being: the important funds from the Resilience Facility (PNRR), which will overall increase Romania’s competitiveness, the energy infrastructure that ensures the country’s independence, as well as the valuable human

The most frequently mentioned challenges were the effects of inflation and the increase in financing costs, the postponement of decisions by partners as well as the erosion of purchasing power.

The Romania Property Club (RPC) was established with the aim of promoting sustainable and innovative real estate development, with a positive impact, in the major regional centres of the country: Cluj-Napoca, Timișoara, Brașov, Iași and Constanța.

(source:romania-insider)