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The real estate market is staggering. An analysis shows that over 70% of developers in Romania could face insolvency next year. Builders are struggling to sell their properties, and starting next year, they will have to pay higher taxes to the state. To survive, companies will need to significantly reduce apartment prices. Otherwise, they risk bankruptcy, according to experts.

The latest trends in real estate transactions and housing prices in March 2024. Records from the ANCPI authority show that while transaction volumes have returned to normal, housing prices have had a mixed evolution in different cities across the country.

The Landmark of 2003: First Major Real Estate Transactions with Office Projects Begin to Close. GTC Sells Europe Center Building to Austrians at Europolis

In 2023, the office stock in the CEE region grew by 480,000 sqm, over 30% down against 2022. Due to the post-pandemic slowdown in construction activity some markets, such as Warsaw and Budapest, recorded a sharp drop in new supply levels as compared to 2022.