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Ziarul Financiar:
There will appear interesting residential projects, with new unseen facilities.
Bucharest, January 2023
Mihaela Pană, Partner Residential Agency, Cushman & Wakefield Echinox, believes that the COVID-19 pandemic will not negatively influence prices on the real estate market, and in the coming period, real estate developers will put on the market projects that will include new facilities.
“There is a balance between what is offered and what is currently demanded, and the context will not adjust the prices. I even think it will be a growing trend, there will be interesting projects with new facilities. Even if the luxury residential projects have a smaller number of apartments – 20-30 units – they will have integrated facilities that we have not encountered until now. I believe in a weighted increase in prices”, said Mihaela Pană during the ZF Offices & Residential 2020 conference.
Customers in the luxury category do not behave differently. We noticed that this period led them to change their attitude, and buyers who own/live in apartments or large houses, decided to buy individual houses, in order to increase their comfort. Many of them already own a house, in various locations near Bucharest, which they used a little before the pandemic, but now they have spent more time in them.
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