When talking about Romanian real estate market, the most frequent concern of investors is lack of liquidity. While this can be a drawback, there should be a shift of perspective, because real estate is per se illiquid. It takes time to market and complete the sale of a property, but the situation is slowly changing.
The focus, in the end, should be turned towards the elements that can create and build up liquidity in an office market:
1. job growth, especially in industries that are heavy users of office space, such as IT services;
2. new space supply versus demand, which is still unbalanced in regional cities;
3. population growth pattern that regional cities (like Cluj-Napoca, for example) are witnessing.
Thus, current income, capital appreciation and hedging inflation are all strong reasons that real estate investment in regional cities can offer. The new real estate heavyweights have just come under the spotlight.
