Adaptation of Buildings to Climate Change Through Bioclimatic Strategies, in Romania

Total Page:16

File Type:pdf, Size:1020Kb

Adaptation of Buildings to Climate Change Through Bioclimatic Strategies, in Romania 111 E3S Web of Conferences , 06071 (201 9) https://doi.org/10.1051/e3sconf/2019111060 71 CLIMA 201 9 Adaptation of buildings to climate change through bioclimatic strategies, in Romania. Anca Bodale1,2*, Tiberiu Catalina1,2, and Sima Cătălin Ionuț1,2 1 Technical University of Civil Engineering, Faculty of Building Services Bucharest, Romania 2 OVER 4 Solar Decathlon Association – Romanian Representative for SD2019 Abstract. Climate change has become a fundamental concern for scientific researchers, architects and engineers, and requires improving the performance of the sectors responsible for city and building infrastructure. Burning fossil fuels to produce electricity and heat are the biggest cause of climate change and emissions and represent one third of total greenhouse gas emissions. Thus, buildings become responsible for improving the external environment, either by construction phases, rehabilitating process or by maintaining process. In Romania the building sector is the main contributor to gas emission and most of the residential multi-storeys constructions are buildings from the communist period built using standardized projects. In Romania one the main goals are the thermal rehabilitation of buildings and construction of apartments especially in the inner circle of the capital. However, the renovation measures are very basic and do not target actual/future EU legislation that imposes the Nearly Zero Energy Building (NZEB) standard for the buildings. To overcome and to provide an alternative to both correct refurbishment and creation of new apartments the OVER 4 prototype was developed. These prototypes are modules of apartments where multiple bioclimatic strategies were implemented to minimize the energy consumption. Using the Passive House Project Planning (PHPP) the module was 3D created and simulated to reach the optimal architecture for both well-being of residents and the energy balance. 1. CONTEXT enormous energy consumption that can be reduced to 15 kWh/m2/year where passive building principles are According to the bioclimatic principles, we can applied. [4] consider the local climate as one of the fundamental factors in the study of the bioclimatic strategies, which 1.1 Climate change in Romania influence the design of the constructions. A first Following the research carried out by the National bioclimatic principle is the reduction of mechanized Meteorological Administration [5], the future changes in systems that require electricity consumption. About 60% the climate regime in Romania are in the global context of the total energy produced in our planet is consumed by considering the regional conditions, and thus the most the footprint reflected by city and building infrastructure, pronounced temperature will be in the summer, while in and so, energy becomes a major source for cooling/ the northwest of Europe, the temperature will be in the ventilation, heating, lighting, maintenance and all the winter. For Romania, with the simulations made by the building construction. [1] global climate model HadAM3H [6] for the comparison The primary method of controlling the indoor climate of and forecasting of temperature differences between 1960 buildings was due to "passive architecture", is based on -1990 and 2070 - 2090, a major difference in temperature passive and bioclimatic principles and strategies. increase was observed, such as: Returning to the current global environment, the evolution increase of temperature between 0.5°C and of technology has become a necessary tool in building 1.5°C for the period 2020-2029; systems, thus reducing primary passive solutions as much increase of temperature between 2.0°C and as possible. 5.0°C for 2090-2099 depending on the scenario According to several scholarly researches’ climate change (e.g. between 2.0°C and 2.5 ° C for the scenario falls into two hypotheses: The first is due to human with the lowest average temperature increase and activities and the second explains the process of climate between 4.0°C and 5.0°C for the most prominent warming as a natural phenomenon. In both cases, the temperature rise scenario). production and combustion of certain combustion National climate change will influence ecosystems, amplifiers the greenhouse effect. human settlements and infrastructure. Major changes in By doing so, we focus on the effect of electricity and temperature and precipitation may result in extreme heating production, which accounts for 30.6% of total weather events such as heat waves, wind storms, seeding, causes due to anthropological action. Thus, according to floods and the like, which will consequently lead to the World Resources Institute (WRI), combustion of significant damage to the construction infrastructure. fossil fuels to produce electricity and heat is the biggest cause of climate change and emissions make up one third 1.2 Bioclimatic Principles for Local Climate in of total greenhouse gas emissions. [2] Romania Until now, construction in Romania required By analyzing the global climatic zones, warm climate approximately 300-350 kWh/m2/year but with the new zones and cold climates, it can be observed the methods renovation measures reached 90-150 kWh/m2/year for energy efficient building through passive strategies, according to the Romanian standards [3]. There is an focusing on the following directions: for the warm © The Authors, published by EDP Sciences. This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0/). 111 E3S Web of Conferences , 06071 (201 9) https://doi.org/10.1051/e3sconf/2019111060 71 CLIMA 201 9 climate, passive techniques for sun protection, passive built environment, and the process of demolishing a large ventilation techniques and cooling, while for the cold block of old buildings is not a sustainable solution, it is climate, passive strategies focus on passive techniques for important to initiate energy conservation retrofits natural lighting and heating. [7] solutions to eliminate the impact of a demolition and to In the Continental climate, also found in Romania, the reduce energy consumption and the cost of heating, concerns are concentrated on all passive systems cooling, and lighting buildings. correlated with a temperate continental transition climate But conserving energy is not the only reason for specific to central Europe with four distinct seasons: retrofitting existing buildings. The goal is to create a spring, summer, autumn and winter. Thus, for Romania, high-performance building by applying new the need for bioclimatic design prioritizes the following improvements starting from structure, envelope, materials categories: and installations. By doing a retrofitting process to the passive ventilation and cooling techniques existing buildings, they will be less costly to operate, they during the warm season; will increase in architectural/structural quality, last passive heating techniques during the cold longer, and contribute to a healthier and more qualitative season; environment for people in which to live and work. passive winter lighting techniques; 2. The Over4 prototype passive sunscreen techniques during summer. 2. 1 The renovation proposal 1.3 Adaptation of buildings to climate change Buildings are responsible for most of Romanian's In the context of climate change, one of the most energy consumption. The residential and tertiary sector important directions is represented by the need of (offices, commercial spaces and other non-residential dumping the building sector, thus making the regeneration buildings) account for 46% of total national energy of the space built as a priority objective. A series of consumption [10]. Two decisive periods stand out in the questions are necessarily among one of the most morphological analysis of the dwelling areas in the city of important: What is the adaptation to climate change? Bucharest: According to the scientific definition, adapting to climate 1. The 1965-1975 period marks the appearance of the change is the ability of all natural and anthropogenic collective dwelling organized in micro-terrains, carried systems to react to the current, expected climate change out by industrialized means and, in most cases, according and climate variability with the primary purpose of to some standardized projects. Large peripheral living reducing damage. This adaptation can be studied in quarters (dormitory quarters) were constructed on several ways: Anticipatory and reactive, private and previously unoccupied land (for example, Balta Albă - public, autonomous and programmed. [8] Titan, Drumul Taberei, Berceni, Pajura) or by taking over Regarding building infrastructure, adaptation to climate the existing urban fabric (for example, Militari quarters). conditions is a complex process because changes vary 2. The 1975-1990 period concerns the construction of from one region to another depending on climatic zones large peripheral assemblies. Existing assemblies are (attention paid to climate zones in Romania). restructured (complete rebuilding of the frontal streets and Adaptation requires action at all levels, local, regional, landscapes for the Lacul Tei, Moşilor, Ştefan cel Mare, national and international, looking from the perspective of Mihai Bravu areas). The period also includes the radical all sectors (economy, social, transport, construction, etc.). restructuring of some peripheral areas previously At European level, we find the policies launched in occupied by individual
Recommended publications
  • RETEA GENERALA 01.07.2021.Cdr
    OTOPENI 780 783 OSTRATU R441 OTOPENI R442 PERIS R443 PISCU R444 GRUIU R446 R447 MICSUNESTII MARI R447B MOARA VLASIEI R448 SITARU 477 GREENFIELD STRAULESTI 204 304 203 204 Aleea PrivighetorilorJOLIE VILLE BANEASA 301 301 301 GREENFIELD 204 BUFTEA R436 PIATA PRESEI 304 131 Str. Jandarmeriei261 304 STRAULESTI Sos. Gh. Ionescu COMPLEX 97 204 205 304 261 Sisesti BANEASA RETEAUA DE TRANSPORT R402 205 131 261 335 BUFTEA GRADISTEA SITARU R402 261 205 R402 R436 Bd. OaspetilorStr. Campinita 361 605 COMPLEX 112 205 261 97 131 261301 COMERCIAL Sos. Bucuresti Ploiesti PUBLIC COLOSSEUM CARTIER 231 Sos. Chitilei Bd. Bucurestii Noi Sos. Straulesti R447 R447B R448 R477 203 335 361 605 780 783 112 R441 R442 R443 R444HENRI R446 COANDA 231 Bd. Aerogarii R402 97 605 231 112 112 CARTIER 112 301 112 DAMAROAIA 131 R436 335 231 Sos. Chitilei R402 24 331R436 CFR Str. Alex. Serbanescu 112 CONSTANTA CARTIER MERII PETCHII R409 112 DRIDU Str. N. Caramfil R402 Bd. Laminorului AUTOBAZA ANDRONACHE 331 65 86 112 135 243 Bd. NORDULUI112 301 382 Bd. Gloriei24 Str. Jiului 605 Sos. 112Pipera 135 Sos. Chitilei Poligrafiei PIATA PLATFORMA Bd. BucurestiiPajurei Noi 231 243 Str. Peris MEZES 780 783 INDUSTRIALA Str. PRESEI Str.Oi 3 45 65 86 331 243 3 45 382 PASAJ Sos. Bucuresti Ploiesti 3 41 243 PIPERA 382 DEPOUL R447 R447BR448 R477 112 231 243 i 65 86 97 243 16 36 COLENTINA 131105 203 205 261203 304 231 261 304 330 135 343 n tuz BUCURESTII NOI a R441 R442 R443 c 21 i CARTIER 605 tr 231R441 361 R442 783 R443 R444 R446 DEPOUL Bd.
    [Show full text]
  • LIST of HOSPITALS, CLINICS and PHYSICIANS with PRIVATE PRACTICE in ROMANIA Updated 04/2017
    LIST OF HOSPITALS, CLINICS AND PHYSICIANS WITH PRIVATE PRACTICE IN ROMANIA Updated 04/2017 DISCLAIMER: The U.S. Embassy Bucharest, Romania assumes no responsibility or liability for the professional ability or reputation of, or the quality of services provided by the medical professionals, medical facilities or air ambulance services whose names appear on the following lists. Names are listed alphabetically, and the order in which they appear has no other significance. Professional credentials and areas of expertise are provided directly by the medical professional, medical facility or air ambulance service. When calling from overseas, please dial the country code for Romania before the telephone number (+4). Please note that 112 is the emergency telephone number that can be dialed free of charge from any telephone or any mobile phone in order to reach emergency services (Ambulances, Fire & Rescue Service and the Police) in Romania as well as other countries of the European Union. We urge you to set up an ICE (In Case of Emergency) contact or note on your mobile phone or other portable electronics (such as Ipods), to enable first responders to get in touch with the person(s) you designated as your emergency contact(s). BUCHAREST Ambulance Services: 112 Private Ambulances SANADOR Ambulance: 021-9699 SOS Ambulance: 021-9761 BIOMEDICA Ambulance: 031-9101 State Hospitals: EMERGENCY HOSPITAL "FLOREASCA" (SPITALUL DE URGENTA "FLOREASCA") Calea Floreasca nr. 8, sector 1, Bucharest 014461 Tel: 021-599-2300 or 021-599-2308, Emergency line: 021-962 Fax: 021-599-2257 E-mail: [email protected] Website: http://www.urgentafloreasca.ro Medical Director: Dr.
    [Show full text]
  • Download This PDF File
    THE SOCIO-SPATIAL DIMENSION OF THE BUCHAREST GHETTOS Viorel MIONEL Silviu NEGUŢ Viorel MIONEL Assistant Professor, Department of Economics History and Geography, Faculty of International Business and Economics, Academy of Economic Studies, Bucharest, Romania Tel.: 0040-213-191.900 Email: [email protected] Abstract Based on a socio-spatial analysis, this paper aims at drawing the authorities’ attention on a few Bucharest ghettos that occurred after the 1990s. Silviu NEGUŢ After the Revolution, Bucharest has undergone Professor, Department of Economics History and Geography, many socio-spatial changes. The modifications Faculty of International Business and Economics, Academy of that occurred in the urban perimeter manifested Economic Studies Bucharest, Romania in the technical and urban dynamics, in the urban Tel.: 0040-213-191.900 infrastructure, and in the socio-economic field. The Email: [email protected] dynamics and the urban evolution of Bucharest have affected the community life, especially the community homogeneity intensely desired during the communist regime by the occurrence of socially marginalized spaces or ghettos as their own inhabitants call them. Ghettos represent an urban stain of color, a special morphologic framework. The Bucharest “ghettos” appeared by a spatial concentration of Roma population and of poverty in zones with a precarious infrastructure. The inhabitants of these areas (Zăbrăuţi, Aleea Livezilor, Iacob Andrei, Amurgului and Valea Cascadelor) are somehow constrained to live in such spaces, mainly because of lack of income, education and because of their low professional qualification. These weak points or handicaps exclude the ghetto population from social participation and from getting access to urban zones with good habitations.
    [Show full text]
  • Romania Market Overview Real Estate Highlights H1 2018
    Romania Market Overview Real Estate Highlights H1 2018 In Romania ROMANIA MARKET OVERVIEW H1 2018 YoY dynamics of the economy “decelerated from 6.7% in 4Q2017 to 4% YoY in 1Q2018, the slowest pace since 3Q2015. Total stock in Bucharest reached 2.6 million sq m at the end of H1 2018 for class “A & B office buildings. 04 06 10 Romanian Economic Office Investment Overview Market Market 12 14 16 Retail Land Industrial Market Market Market By the end of 2018 approx. 170,000 sq m new retail space are “forecast to be delivered. 18 20 21 Residential Project Property Market Management Taxation 22 Legal Aspects The housing prices in Romania increased “in Q1 2018 by 1.4% compared to Q4 2017. In H1 2018, the modern industrial stock “in Bucharest doubled in comparison with 2015. Contents 2 | KNIGHTFRANK.COM.RO KNIGHTFRANK.COM.RO | 3 ROMANIA MARKET OVERVIEW H1 2018 As regards the supply-side there can be noticed the increase of the primary sector by Romanian Economy 6.7% YoY during January−March. The value added in IT&C also climbed by The convergence 5.4% YoY in 1Q2018. At the same time, the domestic industry advanced by 4.4% YoY, an evolution towards potential supported by the exports’ impulse and by the relaunch of the public investments. Dr. Andrei Radulescu The cyclical component trade/auto- Director Analiza moto repair/transport and warehousing/ Macroeconomica HORECA also rose by 3.7% YoY. On the Banca Transilvania other hand, the construction sector adjusted by 2.1% YoY in 1Q2018. According to the flash estimates of the National Institute of Statistics the Romanian This evolution confirms the maturity phase At the same time, the private consumption with the exports during 2018−2020: annual economy slightly accelerated in 2Q2018 of the post-crisis cycle, in a context of (the main component of the GDP) climbed average paces of 8.6% vs.
    [Show full text]
  • Bucharest Meet: Iuliu Maniu and Vasile Milea
    #welcome @ CAMPUS 6 swipe page to begin Homepage #theagenda 1.0 Futureproof 2.0 Location & Amenities 3.0 Site Plan 4.0 Placemaking & Social Impact 5.0 Interior & Innovations 6.0 Green Features 7.0 About Us 8.0 Contact 1.0 Futureproof 1 Architecture 2 Placemaking 3 Art We stand by our promise to deliver high-class offices, combining the best design practices, the principles of sustainable development and technological innovation. We offer our customers solutions that support their present and future needs. 1 Products 1 Wellbeing 2 Connected by Skanska 2 Biodiversity 3 BIM 3 Certification 1.0 Futureproof We are constantly looking for new materials and technological solutions so that our buildings are ready for the challenges of the future. INNOVATIONS What does it mean to us? Trends come and go and style evolves. Futureproof is a symbol that defines the focus areas that make Skanska a trustworthy partner. Our investments are determined by functionality, low maintenance costs and minimal impact on the environment. Located in the best spots in the city, they are highly valuable assets on the office buildings market. Sustainable development is in our company’s DNA, therefore we design and construct our buildings aiming to benefit the society and respect the environment. SUSTAINABILITY Based on our Scandinavian roots and cooperation with top-notch architects, we provide timeless and functional design of our buildings. DESIGN 2.0 Location & Amenities #welcome We designed Campus 6 with one goal: to change Campus the way people mix life and work. 6.1 Q3 2018 Campus sqm 6.2 81 000 GLA in 4 phases Q4 2019 1 000 parking places floors of office spaces Campus 10 6.3 Q3 2021 Campus 6.4 Q4 2022 POLITEHNICA UNIVERSITY Campus 6.3 Campus 6.4 Campus 6.2 Campus 6.1 Iuliu Maniu Ave.
    [Show full text]
  • Pipera Neighborhood
    www.ssoar.info Pipera Neighborhood - Voluntari City (Romania): problems regarding inconsistency between the residential dynamic and the street network evolution between 2002 and 2011 COSTACHE Romulus; TUDOSE Ionuț Veröffentlichungsversion / Published Version Zeitschriftenartikel / journal article Empfohlene Zitierung / Suggested Citation: COSTACHE Romulus, & TUDOSE Ionuț (2012). Pipera Neighborhood - Voluntari City (Romania): problems regarding inconsistency between the residential dynamic and the street network evolution between 2002 and 2011. Cinq Continents, 2(6), 201-215. https://nbn-resolving.org/urn:nbn:de:0168-ssoar-325228 Nutzungsbedingungen: Terms of use: Dieser Text wird unter einer CC BY-NC Lizenz (Namensnennung- This document is made available under a CC BY-NC Licence Nicht-kommerziell) zur Verfügung gestellt. Nähere Auskünfte zu (Attribution-NonCommercial). For more Information see: den CC-Lizenzen finden Sie hier: https://creativecommons.org/licenses/by-nc/4.0 https://creativecommons.org/licenses/by-nc/4.0/deed.de Volume 2 / Numéro 6 Hivér 2012 ISSN: 2247 - 2290 p. 201-215 PIPERA NEIGHBOURHOOD - VOLUNTARI CITY. PROBLEMS REGARDING INCONSISTENCY BETWEEN THE RESIDENTIAL DYNAMIC AND THE STREET NETWORK EVOLUTION BETWEEN 2002 AND 2011 Romulus COSTACHE Ionuț TUDOSE Master Std. Faculty of Geography, University of Bucharest [email protected] Contents: 1. INTRODUCTION ..............................................................................................................................................................
    [Show full text]
  • Component 1. Elaboration of Bucharest's Iuds, Capital
    ROMANIA Reimbursable Advisory Services Agreement on the Bucharest Urban Development Program (P169577) COMPONENT 1. ELABORATION OF BUCHAREST’S IUDS, CAPITAL INVESTMENT PLANNING AND MANAGEMENT Output 3. Urban context and identification of key local issues and needs, and visions and objectives of IUDS and Identification of a long list of projects. Chapter 3. Spatial and Functional Profile March 2021 DISCLAIMER This report is a product of the International Bank for Reconstruction and Development/the World Bank. The findings, interpretations and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. This report does not necessarily represent the position of the European Union or the Romanian Government. COPYRIGHT STATEMENT The material in this publication is copyrighted. Copying and/or transmitting portions of this work without permission may be a violation of applicable laws. For permission to photocopy or reprint any part of this work, please send a request with the complete information to either: (i) the Municipality of Bucharest (Bd. Regina Elisabeta 47, Bucharest, Romania); or (ii) the World Bank Group Romania (Str. Vasile Lascăr 31, et. 6, Sector 2, Bucharest, Romania). This report was delivered in March 2021 under the Reimbursable Advisory Services Agreement on the Bucharest Urban Development Program, concluded between the Municipality of Bucharest and the
    [Show full text]
  • Autobuze.Pdf
    OTOPENI 780 783 OSTRATU R441 OTOPENI R442 PERIS R443 PISCU R444 GRUIU R446 R447 MICSUNESTII MARI R447B MOARA VLASIEI R448 SITARU 477 GREENFIELD STRAULESTI 204 304 203 204 Aleea PrivighetorilorJOLIE VILLE BANEASA 301 301 301 GREENFIELD 204 BUFTEA R436 PIATA PRESEI 304 131 Str. Jandarmeriei261 304 STRAULESTI Sos. Gh. Ionescu COMPLEX 261 BANEASA RETEAUA DE AUTOBUZE 204 205 304 Sisesti 205 131 261 335 BUFTEA GRADISTEA SITARU R402 R402 261 205 R402 R436 Bd. OaspetilorStr. Campinita 361 605 112 205 261 COMPLEX 131 261301 Sos. Bucuresti Ploiesti COMERCIAL CARTIER 231 Sos. Chitilei Bd. Bucu Sos. Straulesti R447 R447B R448 R477 COLOSSEUM 203 335 361 605 780 783 Bd.R441 R442 R443 R444HENRI R446 COANDA 231 112 Aerogarii R402 605 231 112 112 CARTIER 112 301 112 restii Noi DAMAROAIA 131 R436 335 231 Sos. Chitilei R402 331 R436 CFR 112 CONSTANTA CARTIER MERII PETCHII R409 112 Str. N. Caramfil R402 Bd. Laminorului AUTOBAZA ANDRONACHE 331 112 135 243 Str. Jiului Bd. NORDULUI112 301 382 Sos. Chitilei 605 Sos. 112Pipera 135 Poligrafiei 231 243 Str. Peris 780 783 331 PIATA Str.Oi 243 382 Sos. Bucuresti Ploiesti 243 382 R447PRESEI R447BR448 R477 112 231 243 243 131 203 205 261 304 135 343 105 203 231 tuz CARTIER 261 304 330 361 605 231R441 361 R442 783 R443 R444 R446 Bd. Marasti GIULESTI-SARBI 162 R441 R442 R443 r a lo c i s Bd. Expozitiei231 330 r o a dronache 162 163 105 780 R444 R446t e R409 243 343 Str. Sportului a r 105 i CLABUCET R447 o v l F 381 R448 A .
    [Show full text]
  • HOUSING in ROMANIA Project Co-Financed from the European Regional Development Fund Through the Operational Programme Technical Assistance (OPTA) 2007-2013
    Public Disclosure Authorized HOUSING IN ROMANIA Project co-financed from the European Regional Development Fund through the Operational Programme Technical Assistance (OPTA) 2007-2013 Public Disclosure Authorized Public Disclosure Authorized TOWARDS A NATIONAL HOUSING STRATEGY Public Disclosure Authorized Regional Development Program 2 | Harmonizing Public Investments Component 4: FINAL REPORT (1) August 27, 2015 i ii Contents Abbreviations and Acronyms .............................................................................................................................................. v Currency Equivalents ........................................................................................................................................................... vii Acknowledgements ............................................................................................................................................................. viii EXECUTIVE SUMMARY ......................................................................................................................................... 1 I. INTRODUCTION ................................................................................................................................... 28 1.1 Background .................................................................................................................................................... 28 1.2 Definitions ......................................................................................................................................................
    [Show full text]
  • Noapte (Hartă)
    ROND ODAII N117 N117 Bd. Gh. Ionescu Sisesti COMPLEX RETEAUA DE NOAPTE N118 COMERCIAL N117 N118 n BANEASA n Io es r. Io cu N118 St N113 d Bd. Bucurestii Noi e l N118 a Sos. Bucuresti Ploiesti B N118 r ad N113 N117 AUTOBAZA AUTOBAZA NORDULUI PIPERA Str. CoralilorN113 Str. Av. Serbanescu C.F.R. N118 CONSTANTA CARTIER Bd. Laminorului N119 BANEASA Bd. GlorieiN113 Sos. Chitilei N113 Sos. PiperaN119 PASAJ N118 N113 N117 N118 COLENTINA DEPOUL N101 N108 N123 BUCURESTII NOI a c DEPOUL DEPOUL s a e COLENTINA GIULESTI r o l F N119 . CARTIER l ColentinaN123 Cal. Giulesti a Sos. Fundeni 16 FEBRUARIE C Sos. N108 N110 N110 Bd. Ion N113 Cal. Grivitei N123 N101 N101 N117 N118 AUTOBAZA Mihalache N113 FLOREASCA Str. B Cal. Giulesti Bd. Lacul Tei N113 d N123 Doamna . N113 C N113 N108 o N123 n N118 N110 sN118 DEPOUL Ghica t ru VICTORIA c N119 to N101 N108 ri N113 lo Sos.Crangasi Sos. Colentina r N113 Sos. Stefan cel N118 N117 Mare N119 N113 BAICULUI N108 Cal. Grivitei N125 N119 N125 N125 N101 N125 Sos.Virtutii N N108 N110 N118 N123 108 Bd. N. Balcescu Str.N123 Viitorului N108Sos. Pantelimon N117 N117 Bd. Dacia Splaiul N117 N119 Bd. Ferdinand N117 N101 N101 Sos. Pantelimon Independentei N117 Calea MosilorN123 N101 N102 108 N113 N123 N113 N125 GRANITUL GRUP SCOLAR N N102 AUTO Bd. Pache ProtopopescuN113 N113 Sos. Vergului N115 N110 N102 Str. Vatra Luminoasa Sos. MihaiN102 N115 N116 AUTOBAZA DEPOUL Bd. Bd. Basarabia Sos. Garii Catelu N110 N118 Sos.Virtutii N116 Bd.
    [Show full text]
  • Romania Market Overview Real Estate Year Round Highlights 2018 –2019 ROMANIA Market OVERVIEW 2018–2019
    Romania Market Overview Real Estate Year Round Highlights 2018 –2019 ROMANIA MarKET OVERVIEW 2018–2019 523 OFFICES 60 TERRITORIES 18,170 PEOPLE 04 06 10 Romanian Economic Office Investment Overview Market Market 12 14 16 Retail Land Industrial Market Market Market Independent, international, commercial, residential. 18 20 21 Locally expert, globally connected. Residential Project Property Market Management Taxation 22 Legal Aspects ABOUT THE GROUP At Knight Frank we build long-term relationships, which allow us to provide personalised, clear and considered advice on all areas of property in all key markets. We believe personal interaction is a crucial part of ensuring every client is matched to the property that suits their needs best – be it commercial or residential. Operating in locations where our clients need us to be, we provide a worldwide service that’s locally expert and globally connected. We believe that inspired teams naturally provide excellent and dedicated client service. Therefore, we’ve created a workplace where opinions are respected, where everyone is invited to contribute to the success of our business and where they’re rewarded for excellence. The result is that our people are more motivated, ensuring your experience with us is the best that it can be. Contents 2 | KNIGHTFRANK.COM.RO KNIGHTFRANK.COM.RO | 3 ROMANIA MarKET OVERVIEW 2018–2019 In our core macroeconomic scenario the YoY a high probability for the consolidation of the growth of the Romanian economy would monetary policy in the following quarters. decelerate from 7% in 2017 to 4% in 2018 and In other words, the National Bank of In Romania 2.8% in 2019, due to the maturity of the cycle Romania (NBR) would keep the policy rate the economic in Euroland and to the domestic factors: the at 2.50% in 2019 and 2020.
    [Show full text]
  • Romania Real Estate Overview
    Real Estate Report Romania Market knightfrank.com/research Overview 2020 - 2021 Inside -Out 4-9 10-17 Economic Overview Office Market 18-19 20-23 Capital Markets Residential Overview 24-27 28-29 Industrial & Logistics Land Market Market 30-35 36-37 2021: Workplace Trends Real Estate Taxes 38-39 Contents Legal Challenges The recent macro-financial developments (global, European, and domestic) point out the entry of the real economy into Positive the post-pandemic cycle, an evolution supported by the launch of the vaccination campaign and by the implementation of an unprecedented expansionary policy-mix. prospects According to the PMI THE DYNAMICS OF THE GLOBAL PMI INDICATORS Composite indicator the world economy increased for the sixth for the economic month in a row in December, as the Aug-16 persistence of the year 2021 Dec-16 health crisis was Apr-17 counterbalanced by the unprecedented Aug-17 expansionary Dec-17 policy-mix. dr. Andrei Radulescu Director Analiza Apr-18 There can be noticed Macroeconomica Aug-18 the advance of the Dec-18 manufacturing (the Apr-19 engine of the economy), an evolution confirming Jul-19 the entry into a new Nov-19 cycle. On the other hand, the services Mar-20 decelerated in Jul-20 December, due to the Nov-20 persistence of the pandemic in Europe and Mar-21 North America. The Jul-21 recent developments of Nov-21 the global PMI indicators are Mar-22 represented in the Jul-22 following figure. Nov-22 Mar-23 Jul-23 Nov-23 Sources: Mar-24 Markit Economics Jul-24 and Bloomberg Nov-24 Manufacturing 20 30 40 50 60 Services 5 Knight Frank Romania Market Overview 2020 The positive climate on the In our view the main risks for the evolution incidence of the pandemic and its The USA economy (the largest of the % DYNAMICS THE GROSS FIXED THE YOY DYNAMICS OF THE GDP IN CHINA international financial markets has of the Romanian economy in the coming consequences.
    [Show full text]