Residential demand in Romania is “healthy”, says Gabriel Voicu (Coldwell Banker)

In 2016, the residential market had the best year, but players need to be cautious going forward, said Gabriel Voicu, director of the New Homes Division at Coldwell Banker, during Realty 2017, the event organized on, Tuesday, by Business Review magazine.

Voicu explained that 90 percent of the demand for houses comes from end-users and the rest from investors and this shows that the market is on a stable footing.

He added that the Prima Casa, the state-backed mortgage scheme for first time home buyers, further brings stability. According to Voicu, over 200,000 Prima Casa loans have been granted to date.

“The passing to pay law only had a psychological effect last year. (…) On Prima Casa, there were 3 relocations of funds,” said Voicu.

See the main statements from Realty 2017

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Talking about market trends, the director says that we are starting to see more residential end-users moving close to office projects.