---
title: "Romanian Real Estate Market 2020"
description: "The COVID-19 pandemic had a strong negative impact on the global economy throughout 2020, with a 6.4% yoy drop in GDP in the EU-27 area. Relatively, Romania’s…"
url: "/en/resources/market-reports/romanian-real-estate-market-2020"
canonical: "https://crosspoint.com.ro/en/resources/market-reports/romanian-real-estate-market-2020"
lang: en
alternate: "https://crosspoint.com.ro/resurse/rapoarte-de-piata/piata-imobiliara-din-romania-2020"
updated: 2026-08-31
---

# Romanian Real Estate Market 2020

Report · Year: 2020 · Author: Ilinca Timofte · 2021-05-04

*The COVID-19 pandemic had a strong negative impact on the global economy throughout 2020, with a 6.4% yoy drop in GDP in the EU-27 area. Relatively, Romania’s GDP decreased by 3.9%. The lockdown period as well as the restrictive measures …*

**The COVID-19 pandemic had a strong negative impact**  
**on the global economy throughout 2020, with a 6.4%**  
**yoy drop in GDP in the EU-27 area. Relatively, Romania’s**  
**GDP decreased by 3.9%. The lockdown period as well**  
**as the restrictive measures instated by the Government**  
**have led to the negative contribution to GDP growth of**  
**important economic sectors such as agriculture, industry**  
**and hospitality.**

With a 6.6% share of GDP, the construction sector  
seemed not only to survive the unprecedented conditions  
but to also thrive in 2020, being one of the few sectors  
with a positive contribution (0.8%) to the GDP growth.

Consumer prices have registered smaller raises in 2020  
compared to previous years, as expected, mainly due  
to the effects of the health crisis. However, 2021 is  
expected to register a higher inflation rate, with significant  
price increases, especially for energy and fuel.

The lockdown period and the subsequent social  
distancing measures have put severe pressure on certain  
industries, the most affected being the hospitality  
industry. Despite efforts to retain their employees, the  
closing down of hotels and restaurants has led to a  
significant number of layoffs in this sector.

The pressure has had a spill effect into a drop in the  
average net salaries for industries like hospitality and air  
transportation, which have registered a decrease in the  
average salary of 12.9% and 28.38% respectively. While  
some raises were registered in sectors like healthcare and  
energy, on average, the net salary remained roughly the  
same in 2020 compared to the previous year.

The National Bank’s initiative to ease the monetary policy  
has led to a decrease in the interbank rate several times  
throughout 2020. The year ended with a 2.03% level for  
3M ROBOR index, from 3.18% in December 2019.

According to the European Commission’s forecast for  
the following 12 months, Romania’s GDP is expected  
to register a 3.8% growth in 2021. With a high level  
of uncertainty still surrounding the global and local  
economies, the growth is strongly dependent on the  
efficiency of vaccination programs and other sanitary  
measures meant to solve the current crisis. EU  
intervention framework as well as national policies will  
be crucial in insuring a smooth rebound of the economy.  
However, according to market participants, a complete  
recovery is not likely to happen by 2022, provided that  
the health crisis will be kept under control.

Download (PDF): https://crosspoint.com.ro/uploads/Romanian_Real_Estate_Market_Report_2020_Crosspoint_Real_Estate_c805614f4c.pdf

Topics: Industrial & Logistics, Investment, Land Development, Office, research, Residential, transactions

## Contact

- Crosspoint Real Estate
- Phone: +40 21 232 45 40
- E-mail: office@crosspoint.com.ro
- Address: Ethos House, Calea Floreasca 240B, etaj 3, București, Sector 2, 014475, România
- Contact page: https://crosspoint.com.ro/en/contact

---

Website by [ADACITY](https://adacity.ro), a real estate marketing agency.