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We are delighted to announce RE-CONNECT ROMANIA’s participation to the MIPIM September Edition this year, as the first Romanian delegation to ever attend this major international event exclusively dedicated to the real estate industry. We see our presence at MIPIM as a significant opportunity for B2B interaction and know-how exchange with international investors, financial institutions and property developers. Likewise, we find that the event itself works as favorable circumstance in terms of promoting all the great investment opportunities that our local market has to offer.”, stated the representatives of the RE-CONNECT ROMANIA delegation

#ReConnectRomania

Welcome to
Re-Connect Romania!

You will find below information about the Romanian market, the participants and the agenda of our delegation.

You may visit our Pavilion Stand no. P4C40 at Cannes, Palais de
Festivals, Palais 4.

For more details, please send your inquiry to office@mipim-romania.com.

#Romania

Why
Romania?

Romania posted a record annual GDP growth, of 13.6% in Q2 and 6.5% in the first half of 2021, placing itself in the first third of EU members from this point of view. Thus, the annual GDP growth forecast was revised by the European Commission at 7.4%, one of the best levels in the Union. The policy rate was maintained by the National Bank of Romania at 1.25%, while the medium wage increased in the last year by 7.5% (last available data).

In this context, the local real estate market registered good results, with the residential and logistics segments posting new all-time records, while the retail market recovered after the decreases registered in 2020 and the office market waiting for the employees to return.

The residential market was by far the star of the last 18 months. The total number of transactions increased at a national level by 11,6% in 2020 compared to 2019, while the first half of 2021 brought a further annual increase of 32.6%. Bucharest and its surroundings, the biggest local residential regional market, registered an  even better result, with 56% annual increase in closed transactions in H1 2021.

This was possible mainly to the good accessibility of purchasing a new home, which remains at the best level in the last 14 years, despite the Covid-19 pandemic. Today, is almost four times more accessible to purchase a new home in Romania, taking into consideration the wages, prices and the stable exchange rate – approximately 1% depreciation for the RON VS EUR. Meanwhile, interest rates on the mortgage segment decreased to a new minimum, of 4.5% during Q2 2021.

The logistic segment posted also excellent results, with deliveries of over 500,000 square meters in 2020 and 2021 (forecasted) and a vacancy rate which decreased to less than 4%. The total logistic and industrial surface leased in H1 2021 increased with approximately 20% compared with the similar period from 2020, while the second half of the year is expected to bring similar results.

Prime yields remained unchanged, at approximately 7% on the office segment, 7.25% – 7.5% on the retail segment and approximately 8% for the logistic sector. These levels are 1.5 – 2 base points higher compared to the levels registered in other Capitals from the CEE region. The total investment transaction volume reached approximately EUR 300 million in H1 2021, while for the full year forecast indicates a potential volume of EUR 0,8 – 0.9 billion.

The office sector attracted the biggest share of investment transactions. Total take-up in the second quarter increased significantly, the profile segment showing signs of recovery after the decreases caused by the Covid-19 pandemic and the work from home system. At the same time, wage increases led to good results for the shopping centres, similar to the levels registered in 2019.

Romania remained thus, one the most attractive investment targets in the region, offering better yields, higher returns and a general good business environment, with consumption expected to further increase significantly in the following years.

#ThoughtLeadership

Join our speakers at Cannes,
Palais de Festivals, Palais 4


1st Day

September 7, 2021

11:00

INVEST IN RESITA - Resita is OPEN for BUSINESS!

Mrs. Oana Borza will present investments opportunities
for the town of Resita.

Oana Borza

Administrator, ADLR

11:30

Invest in Iasi

Mr. Daniel Juravle will present investments opportunities for the city of Iasi.

Daniel Juravle

Deputy Mayor of Iasi City

12:00

THE FUTURE OF MODULAR CONSTRUCTION

BTDConstruct & Ambient and Arcadia will make a
presentation about a major investment opportunity for a precast plant in
Bucharest, Romania.

Florin Nistor

Arcadia

Cornel Dogaru

BTDConstruct & Ambient

15:00

OPPORTUNITIES FOR INVESTMENT IN ROMANIA

Mr. Andrei Sarbu will make a presentation about the REAL
estate market in Romania.

Andrei Sarbu

SVN


2nd Day

September 8, 2021

15:00

SPECIAL GUEST

A Romanian public representative will have an intervention about various aspects related to necessary developments in some parts of Bucharest.

TBD

TBD

participants

agenda

#RealEstate

Our delegation