The real estate market in Romania delivered a strong performance in 2020 across most sectors, despite disruptions caused by the health crisis in the first half. Some records were broken, some milestones were passed.
| Pandemic containment & economic recovery are top priority |
We expect the Romanian economy to return to pre-COVID levels by 1H22, with GDP growth at around 3.7% in 2021 and 5.0% in 2022 after a decline of around 5.5% in 2020. Private consumption will recover from 2Q21 onwards if unemployment peaks in 1Q21. Investment will be dominated by infrastructure spending, helped by higher inflows from the EU that are likely to cover the C/A deficit. For more information, please visit the full report:
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