Real estate services Romania

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General Information

Industry Overview

Romania's GDP grew by over 19% year-on-year in 2006. Unemployment continued to fall, while real wages appreciated in line with the economic growth. Inflation showed a record drop below 5%. Romania attracted more FDI than any other CEE country in 2005 except for the Czech Republic.
Romania's real estate market continued to develop actively in 2006 on the back of rising foreign investment, strong demand and high yields. Experts estimated the annual real estate market growth at around 25% for 2005, fuelled by the forthcoming EU accession in 2007. The total value of real estate deals in Romania amounted to EUR 212 mln in the first half of 2006, which accounted for 5.4% of all property deals in Central and Eastern Europe worth EUR 3.9 bln. Office space transactions for the period accounted for 75% of the overall number of real estate transactions. Rising foreign investment pushed average yields in the office segment down to 7.8% in June 2006, compared to 8.5% at the end of 2005.

Gross Domestic Product (bln RON)
	Q1 2007	2006	2005	2004
Agriculture, forestry and fishery	1,928	27,524	25,665	31,473
Industry	19,044	81,886	70,002	61,964
Construction	3,714	24,019	18,536	14,785
Services	36,966	169,855	138,782	111,355
Gross Value Added (total)	61,653	303,284	252,984	219,577
Net taxes on goods	6,846	39,134	34,202	26,795
GDP	68,498	342,418	287,187	246,372
Source: Romanian National Institute of Statistics

Gross Value Added
	Q1 2007	2006	2005	2004	2003
Agriculture, forestry and fishery	3,10%	9,10%	10,10%	14,30%	13,00%
Industry	30,90%	27,00%	27,70%	28,20%	28,20%
Construction	6,00%	7,90%	7,30%	6,80%	6,60%
Services	60,00%	56,00%	54,90%	50,70%	52,20%
Source: Romanian National Institute of Statistics

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Romania

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NEW ROMANIAN LEU

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CB RICHARD ELLIS GROUP SAYS BUYS ROMANIAN REAL ESTATE AGENCY EURISKO FOR SOME $35 MLN

ROMANIAN IMPACT DEVELOPER & CONTRACTOR '07 PRELIM NET PROFIT RISES TO 259.2 MLN LEI (71.3 MLN EURO) FROM 18.3 MLN LEI IN '06

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Real estate services Romania

CB RICHARD ELLIS GROUP SAYS BUYS ROMANIAN REAL ESTATE AGENCY EURISKO FOR SOME $35 MLN

ROMANIAN IMPACT DEVELOPER & CONTRACTOR '07 PRELIM NET PROFIT RISES TO 259.2 MLN LEI (71.3 MLN EURO) FROM 18.3 MLN LEI IN '06

SEE Real Estate 2008 - Emerging Market Trends in Southeast Europe Starts in Bucharest, Romania

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