Prices for new homes will grow as developers are facing higher construction costs and deal with surging inflation, mentioned speakers during the residential market panel of SEE Property Forum 2021, Property Forum’s annual event in Bucharest.
Alex Skouras, Managing Partner at Alesonor, said that although there has been a significant increase of construction prices, the overall construction cost in Romania was and still is low compared to other peer countries in Europe.. Nonetheless, buyers have realized that part of the cost increase will be reflected in the final prices of homes. Skouras added that people are looking for a sustainable community with gyms, schools, and other essential facilities.
October, 28th, 2021