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COVID-19: Romanian Investment Market Survey

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Real estate investors still show interest for acquisitions of new projects in Romania, even in the context of the Covid-19 epidemics, shows a study conducted by Colliers International on the investment market among more than 60 real estate companies representing investment funds, developers, asset managers and banks. 

Most real estate market players are seeking to better understand the current situation before making investment decisions (64%). However, almost a quarter of participants to Colliers International’s study on the investment market declare that, should an opportunity with favorable transaction conditions arise, they would invest even considering the uncertainties of the current context.

However, investors expect tighter financing conditions and appreciate that the crisis could have long lasting effects on the real estate market, with complex implications both for future rental income as well as prices, Colliers International’s study in the investment market shows. Two thirds expect a decrease in financing availability, while 59% believe that financing costs will increase. Consequently, it is expected that good quality projects and relationship track record with the bank will matter increasingly more in the credit analysis process.

More than 67% of investors expect that the implications of the current Covid-19 epidemics on the Romanian economy will last longer than a year, shows the Colliers International study on the investment market. However, there is a bit more optimism regarding the real estate market, with 35% counting on a recovery in less than a year, while investors forecasting implications for the real estate market for over a year are fewer (52%) than those expecting effects on the overall economy for a longer timeframe (67%). Investors are even more optimistic when it comes to their own company, with 27% expecting to recover in less than 6 months and 38% in less than a year, which can be seen as a sign of trust in their business’ viability.


COVID-19: Romanian Investment Market Survey

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Anca Merdescu

Director Investment & Debt Advisory


Anca  has more than 15 years’ experience in financial and real estate business. 

Before joining Colliers, at Raiffeisen Bank Romania she worked closely with major developers and players on the Romanian real estate market, being involved in various financing transactions.

Starting with May 2015 she joined Colliers as a Senior Associate for Debt Advisory within the Investment Services team, where she set up a new business line. 

Anca holds a Degree from the Doctoral School of Finance and Banking (DOFIN) from the Academy of Economic Studies in Bucharest and passed CFA Level 1. At present, Anca acts as Associate Director for Investment and Debt Advisory services:

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Laurentiu Lazar

Managing Partner & Head of Investment | Romania


Laurentiu, Managing Partner at Colliers International Romania, has over 14 years of experience in real estate services including valuation, advisory and investment. He joined Colliers in 2007 as a real estate valuer and in 2009 he was promoted to Head of Valuation and Advisory Services, with the responsibility to expand the valuation team in Romania. In 2015, he became Head of Investment, developing the Capital Markets services and later appointed as Senior Partner within Colliers International Romania in 2016, managing over 20 experts. As of march 2018, Laurentiu was promoted Managing Partner.

Before joining Colliers, Laurentiu worked for 10 years at Vodafone Romania/Connex, holding different management positions within Marketing and Customer Operations Divisions. Between 2014 and 2017 he has been Vice-President of ANEVAR (Romanian Association of Valuers).

In parallel, I was involved raising funds for various projects, such as Teach for Romania, The Romanian Foundation for Neurology and Epilepsy and “Prietenia” Association.

Quote: „When given the choice between being right or being kind, choose kind.” – Wayne W. Dyer

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