Reshaping Homefront- Assessing the current dynamics of the real estate market after COVID-19 Pandemic

Abstract

Against the background of the relaxation of the restrictive measures imposed due to COVID-19,
the Romanian residential market has an upward trend in 2021, compared to 2020. The prices requested
for homes put up for sale nationwide have increased quarterly by an average of 2, 9 -3,1% compared to
the similar quarters of 2020. The most sought after were the 2 or 3 room apartments. The 3-room
apartments are a variant for families with children, in general. Courtyards are also in high demand, being
an option for buyers during this period. The new trends of the real estate market go towards comfort and
space, with the possibility to arrange a home office, to ensure teleworking. We are looking for areas with
facilities and services, such as shops, medical offices, pharmacies, schools, kindergartens, playgrounds,
which can serve the immediate community. It is very important for the buyers the security of the area, of
the residential neighbourhood. The increase in the prices of raw materials and construction materials, as
well as labour accordingly, lead to higher prices for living spaces - apartments or houses.