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COVID-19: Romanian Land Market Survey

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Almost 70% of the investors active in the land segment claim that they plan to conclude all or at least some of the transactions already on-going, according to a study dedicated to the land market conducted among 115 professionals active in this real estate segment.

In the land market, almost 70% of the active transaction players intend to progress with all or some of the on-going deals in 2020, with 43% of respondents to Colliers International’s study in the land segment expecting to close a transaction in the next 3 months, highlighting the fact that the market is active. Furthermore, the majority of the investors who do not foresee the close of a transaction on the short-term expect to complete a deal by the end of the year. Thus, only 16% of the total interviewed do not expect to close any land deal in 2020.

In terms of the evolution of land prices, 44% of the investors interviewed expect them to decrease in the near future, while a similar share does not have a clear-cut expectation at the moment. The study also reveals that the market sector the investor is acting in (be it residential, office, retail or mixed use) as well as the position in terms of seller or buyer have very little influence on the current perception of land price evolution.


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COVID-19: Romanian Land Market Survey

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Sinziana Oprea

Director

Bucharest

Sinziana started her activity in Colliers in 2006 within the administrative team and 1 year later was promoted Assistant for the Land Department.

 

As a result of her remarkable progress and her will to build a brokerage career, in 2009 Sinziana took another step up in her career and became Associate within the Land Department. As one of the main agents of the team, she focused on client needs analysis, ensuring effective communication and building up long term relationships. She specialized in retail parks developments and played a key role in assisting major retailers to find strategic locations for their future expansion plans.

 

Upon her promotion to Senior Associate position in 2012, Sinziana gained a broader portfolio of clients and switched focus to office and residential sectors, two markets that have started to become particularly active. Due to her deep

expertise in the land market and to her client focus orientation, Sinziana fulfills with success the highest expectations by making perfect matches between the vendors’ and buyers’ interests. She is also in charge with market prospecting and budgeting, as well as with drawing up financial analysis for various project developments.

Starting with mid-2014, Sinziana became Associate Director within Colliers Land Agency. Under the new role, she also provides assistance and coordination to the other team members and is responsible for drawing up the Land Agency

overall strategy.

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Stefania Baldovinescu

Senior Partner | Romania

Bucharest

Ştefania joined Colliers International in 2005, undertaking advisory work and developing the consulting business (feasibility and market studies, financial reports and risk analysis). In this role, Ştefania coordinated important analysis for mixed-use projects and later on she managed the consulting team.

In January 2011 Ştefania launched the Real Estate Management Services (Property Management and Green Certifications) in the role of Department Director.  She is focused on creating value and implementing strategies for existing clients, winning new clients, looking for new business opportunities, as well as developing and retaining talented people in the team. She monitors all contracts to ensure that contractual obligations are being met and that the services provided are of high quality standards.

Since 2013, Ştefania is a Board Member of Colliers International Romania and under this role she is actively participating in the overall business strategy of the company and key projects developed across the firm. 

Prior to joining Colliers International, she worked for Morgan Stanley in Ohio, USA and for British American Business in London, UK.

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Silviu Pop

Head of Research | Romania

Bucharest

Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval,  he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.

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