Romanian statistics

The ever growing interest in the Romanian construction market

The fact that more and more construction companies are interested in investing in Romania is shown by their ever growing presence at one of the greatest construction fairs in Romania which took place during 3-7 of March. The weight of foreign exhibitors was 41% of the total number of companies. This is the number of international exhibitors by country, figures released by the organizer:

And how could they not be interested in the Romanian construction market when there were over 170 residential and non-residential active construction sites recorded by IBC Focus only in February 2009. This under the circumstance that February is dead month for construction works point of view.

Moreover, the IBC Focus Investment Report included no less than 1030 construction projects at national level only in February.

The National Statistics Institute announced recently that construction works recorded an 8.8% growth rate in January 2009 as compared to the same month of 2008. By types of construction works these are the growth rates recorded:

Why are we so convinced that foreign companies are still very interested in the Romanian construction market? Simply because the number of IBC Focus foreign clients recorded in February 2009 is 7 times higher than in the same month of 2008.

Do-it-yourself (DIY) market in Romania defies crisis

At least 29 DIY and furniture centers will open this year in Romania according to the Do-it-yourself and Furniture Centers Report conducted by IBC Focus.

Source: Iresearch

These projects will add to the actual stock approximately 220.000 sqm this year. According to the same Report, the total DIY and furniture stock in Romania could exceed 1 million sqm in 2010 if all projects verified by the IBC Focus consultants will be finalized next year.

Source: Iresearch

What might be the explanation for the projects boom in this market in a period of crisis?

First of all, for most of the projects under construction presented in the Report construction works started in 2008 and are financed with loans obtained last year. Second of all, these centers sell products that will help Romanians save money in this period. That's why most of the retailers' plans are to be present in most of the big and average cities in Romania.

For more information regarding this market and 50 DIY and Furniture projects please visit www.iresearch.ro