RPC Talks

2024 Trends with Tinu Sebesanu, CEO, Impact Developer & Contractor

2024 Trends with Tinu Sebesanu, CEO, Impact Developer & Contractor 2048 1365 ROMANIA PROPERTY CLUB

RPC Talks to Tinu Sebesanu

CEO, Impact Developer & Contractor

“In 2024, we anticipate an increase in demand for housing units, supported by the general need for new quality homes as the majority part of the actual stock is outdated nationwide.“

With over three decades of experience in the hospitality industry and real-estate, Tinu has occupied various high-level management positions. During this time, he successfully executed numerous impactful projects, leaving a significant imprint on the industry. As CEO of IMPACT Developer & Contractor, Tinu Sebesanu is determined to increase the company’s worth by placing a strong emphasis on sustainability principles throughout the development of all projects.

Top 3 trends you foresee in 2024 for the real estate market?

In 2024, we anticipate an increase in demand for housing units, supported by the general need for new quality homes as the majority part of the actual stock is outdated nationwide. The accessibility was declining the last 2 years due to the high costs of mortgage financing, but the anticipated decrease of interest rates and expected wages growth can bounce back the solvable demand.

While the construction costs had increased and several changes in tax incentives for the industry and other regulations had come in force, recently a surge in construction prices is observed. In Bucharest, to these factors influencing the future increase in new dwellings prices we need to add the envisaged downfall of supply for the next 5 years due to the lack of new zoning plans and consequently the issuance of new permits.

At the same time, the decrease in affordability will cause an increase in demand for the rental market, fueled also by the shift of preference of the new generations towards flexibility, debt aversion and accessibility, which brings new opportunities for investors seeking a fixed income and attractive yields.

2024 Trends with Cristian Simon, Managing Partner, Simon, Iuga & Partners, Cluj-Napoca

2024 Trends with Cristian Simon, Managing Partner, Simon, Iuga & Partners, Cluj-Napoca 1080 810 ROMANIA PROPERTY CLUB

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.