At the start of each year, we find it is a useful exercise to envisage what may lie ahead. And for better or worse, we still find more reasons to be optimistic about the Romanian economy in 2020 than the reverse. Economic growth is still set to outpace that of most EU countries while, at the same time, all real estate segments still display robust growth, albeit a bit mellower than the record-setting paces seen in recent years.
Here are our TOP 10 PREDICTIONS for 2020:
- Slower GDP growth, but still well better than most of EU.
- Neutral to mildly positive external backdrop.
- Investment market to remain lively.
- Bucharest to pivot towards a tenant office market.
- Still lots of room to grow for industrial and logistics.
- Slower, but healthier consumption growth.
- Residential property prices to remain inferior to wage dynamics.
- Gradual cooldown for the land market.
- Looking beyond the 2020 election cycle for sweeping reforms.
- Encouraging migration trends.
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