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Colliers: Romanian residential sector most affected by market rumors

de A.C.
Vineri, 18 aprilie 2008, 10:35 English | Business

Colliers managing partner Bogdan Georgescu has said that the residential sector is the least stable among Romanian real estate sectors due to the demand and offer rumors circulating on the market. On the other side of the spectrum, the office market is the most secure both on the long and the short term.

According to Colliers data, in Romania, the retail sector has the greatest non-occupancy rate with 15% because, Georgescu says, many projects are put forward but are not evenly distributed between various areas.

Speaking of rumors that real estate segments will decrease, Georgescu said that on a short term, rumors can influence the market but on a longer term the purchase power is the real factor to influence the evolution of the market. Currently, the residential sector is most affected by these rumors.

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