The real estate consulting market, except for the intermediary services, increases by about 30 percent a month. The market surveys, the evaluations and the administration of real properties are services that have just entered the Romanian market, but which have a spectacular development with the evaluations of properties having the highest demand, ACT Media news agency reports. The biggest demand in Romania is evaluations of properties.
Darian Company, which is specialized in all sorts of evaluations, posts 70 percent of the company’s turnover from evaluations of properties and from market and feasibility studies used for real estate projects.
“Ninety percent of the real estate consulting services offered by Darian Company are property evaluations, while the rest of 10 percent are feasibility studies for propriety development or for business plans,” Capital journal quoted Darian’s manager Adrian Crivii as saying.
In the context of the market’s development, the turnover increased in a spectacular way: EUR 1 mln in 2005 and over EUR 280 000 in the first three months of this year only.
The big real estate companies in Bucharest (which have recently changed their name into “consulting companies”) make good money from other services than from the brokerage services.
Most of these companies have international experience: Colliers, DTZ Echinox, Richard Ellis.
Over the first three months of this year, Echinox registered a monthly increase of 30 percent on the property evaluation segment.
They evaluated properties worth approximately EUR 120 mln.
Currently, the real estate consulting market lacks transparency and it is hard to estimate its total value, specialists agree.
However, according to Adrian Crivii, the property evaluation market only is estimated at EUR 7 mln for 2005 and at over EUR 8 mln this year.
The real estate consulting market is estimated at nine million euros in 2006, out of which the real estate evaluation market only will amount to over EUR 8 mln.
Source: Nine o’Clock