However, the postponement of raising the threshold for applying the reduced 5% VAT rate has recently slowed the pace of home purchases.

In the office building sector, the perspective is slightly more optimistic. Employers are actively involved in the national vaccination campaign, and it is expected that employees will gradually return to the office by the end of the year.

Nevertheless, taking into account the total office space delivered in the first half of 2021, we are still seeing a relatively high vacancy rate, compared to the same period last year.

As for tourism, a real recovery in this sector is projected only by 2025, with modest hopes for improvement in the second half of the current year, depending on vaccination progress and the easing of restrictions.

In conclusion, current reports indicate a decline in investment volume, but there is cautious optimism for a moderate increase in real estate pricesby the end of 2021.

Bulboacă şi Asociaţii SPARL