RPC Talks to Cristian Simon
Managing Partner, Simon, Iuga & Partners, Cluj-Napoca
“Retail market will continue its development, being the single sector which can offer short term yields of over 12%“
Cristian Simon has over 19 years’ worth of experience in the real estate brokerage industry and is the founder and managing partner of Simon, Iuga & Partners Real Estate Advisors, a company from Cluj-Napoca, with a presence in Bucharest as well.
Top 3 trends you foresee in 2024 for the real estate market?
Retail market will continue its development, being the single sector which can offer short term yields of over 12%
Residential market will suffer a contraction in terms of new deliveries, generating an impact towards price sales. We will probably witness a decrease in prices for od homes towards Q3.
Industrial sector is expected to stagnate with no significant deliveries, but we will se an upward trend for rents. We will see some interesting relocations generated by PSI standard updates.
Office market is expected to have a similar evolution as in 2023, landlords are the ones who will have to come towards tenants with new incentives for contracts extension.
Main challenges and opportunities in 2024?
Troubled times will bring new challenges, which agents will have to face. We will create opportunities by using other players’ lack of attention from.
What are your company’s business targets in 2024?
We continue to focus on developing the skills of our team members, also looking for new colleagues to join.