English
2015 predictions for the year 2015 indicate its stabilization, and growth, respectively, if the main factors behind this year's growth remain unchanged, says Andreea Comşa, managing director of "Premier Estate".
According to her, the main factors behind the development of the residential market, in 2014, were the "First Home" financing program, the preferential 5% VAT rate, the drop of the interest rates paid on savings, which has led those who had savings to invest in the acquisition of homes, and the greater accessibility of mortgages, due to the cut of the minimum required downpayment and of the interest rate.
Mrs. Comşa says that, according to data from the National Statistics Institute (INS), the number of completed homes and apartments in Bucharest and Ilfov has increased 84% annually in Q3 2014, and 64% at the end of the first nine months. "Approximately 7,500 homes were delivered this year, with an average that was higher than that of the years 2007-2008", the representative of "Premier Estate" says, who estimated that a very important factor is the fact that domestic residential developers - the first on the market for accessible homes - are now being joined by foreign investors.
"The signs are good on the residential market", says Andreea Comşa, who added that, in the future, the sector expects an increase in the quality of the new residential projects. But she warned: "Caution is mandatory. If the factors behind the growth change, then we will see a new domino effect".
Andreea Comşa estimates that new residential projects will be launched next year, with over 100 units in the central and northern areas of Bucharest. "Many companies have considered developing real estate projects on the plots of land they have acquired, and the launch of projects in central areas, respectively", says Mrs. Comşa, who mentioned that developers will try to build as many homes as possible in the central area.
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
