During a tumultuous 2022, marked by global political and economic instability, the Romanian real estate market has been put through a set of trials, with some outperforming sectors while others are struggling to adapt to changes that no longer seem temporary. 2023 has started on a temperately optimistic note, with an overall approach governed by cautiousness and well-thought business decisions. With a declining inflation rate, of 14.5% in March, 2023 seems to be, so far, the beginning of a slow and tedious journey towards economic stability. Yet, looming around the corner are new obstacles: the wave of tech sector layoffs which began in late 2022 in the US is starting to reach Europe, but the scale of its ramifications is yet unknown; crashes in the US banking system, seemingly isolated incidents so far, have triggered fears that the shock wave created by the collapse of US banks could affect Europe. Furthermore, the recent problems experienced by some European banks have put further pressure on investors.
