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Real estate: Over 60% of CFA Romania analysts consider that real estate prices are over evaluated
62% of CFA Romania analysts consider that real estate prices in the main cities are over evaluated and 61% estimate the increase of interest rates for short dues.
“The anticipated inflation rate for 12 months (February 2021/February 2020) recorded an average value of 4.04%.
Interest rates will also grow for short terms (ROBOR 3M) and for long ones (sovereign bonds due in 5 years denominated in RON). Over 61% and 64% of participants in the study anticipated these evolutions. As for prices of real estate in the main cities, about 62% of respondents consider them over evaluated,” a CFA Romania press release shows.
85% of participants in the study consider that the leu will depreciate in the next 12 months. The average value of anticipations for 6 months is 4.8345 lei/euro, while for 12 months the average value of the anticipated rate is 4.8931.
In January 2020, the Macroeconomic Confidence Indicator of CFA Society Romania grew by 2.2 points to 63.7 points compared to the previous month (the indicator grew by 39.9 points against the same period of the previous year). This evolution was due to the anticipation component of the Indicator.
The Indicator of current conditions dropped against the previous month by 3,3 points to 73.1 points, while the indicator of current conditions grew by 33.8 points compared to the same period of the previous year. The anticipation indicator grew by 4.9 points to 59 points and, compared to the same period of the previous year the indicator grew by 43 points.
CFA Romania Association is the organization of professional investments in Romania, most of them owners of the title of Chartered Financial Analyst (CFA), a qualification administered by CFA Institute (USA).