Although the market seams blocked on this segment of the real estate transactions, some brokers believe there are still available properties, which are not listed.
Costel Alecu, managing partner of Romtor Real Estate, identifies a series of reasons for not making public a sale intention: "the owner wants to test the market or it is not decided, he would rather rent or wait the offer from a potential buyer, before taking the final decision. There is also the situation of divergences between the shareholders".
In some cases, the properties are hidden because the owners do not want to give rise to doubts about their financial standing, so as not to be exposed to harsh and disadvantageous negotiations.
"It is related to the experience, the broker's personal contacts and the confidence the broker has generated in the market in order to bring out such properties," says Costel Alecu.
More than two thirds of the rental request in the first quarter aimed Bucharest, which explains the owners’ reticence towards selling.
In terms of rents in Bucharest, the owners are asking between EUR 3.5 and EUR 4.1 per square metre per month for the FMCG, retail or e-commerce properties and up to EUR 3.3 – 4.25 per square metre per month for the industrial spaces. (source: Romtor Real Estate)
