Starting 2008, when the crises started, the few large investors attracted by the local real estate market decided to go or at least maintained their positions without making new acquisitions, so in the last six year the few transactions closed were made mostly by opportunistic investors, looking for bargains.
„One of our objectives is to attract investors which believe more in Romania. The yield differences between Bucharest, with 8 pct per year and Warsaw, with 5.9 pct per year are not justified. The difference is given by the number of investors competing for an asset and their skepticism about entering Romania. Otherwise, the rents in Bucharest have decreased, so there is no risk anymore, and the companies started to sign rent agreements on long term. Moreover, the difference between the financing costs is not that big“, has declared Iorgu for ZF. (source: zf.ro)