September 26, 2018

EY: Romanian real estate market “stable” for deals

According to a study by professional services firm EY published earlier this week, the local real estate market stabilized with investors interested in purchasing property below market prices. EY’s Global Capital Confidence Barometer claims the gap between the estimated asking and acquisition price for property will continue to narrow in the next 12 months, which can lead to a global acceleration of deal making by year end. According to EY, 46 % of the surveyed managers expects prices to increase in the next year, against 37 % in April 2012. Respondents are more optimistic regarding job creation, corporate revenues and credit availability.

Source: Business-Review (read more)

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