THE INFLUENCE OF URBAN PLANNING CHALLENGES ON BUCHAREST'S REAL ESTATE DYNAMICS AND ON SPECIFIC MANAGERIAL DECISIONS

Abstract

The current paper aims to analyze the normative and administrative difficulties characterizing the real estate sector in Bucharest in recent years, with the purpose of identifying general principles to which real estate business managers in Bucharest could adhere in order to minimize the consequences of these difficulties. In order to identify these general managerial principles, we will examine the causes and effects on the market of what we will refer to as the urban planning crisis in Bucharest. The paper intends to go beyond theoretical analysis, with our focus being on assessing the market's current reactions and on identifying concrete remedies for the challenges faced by the stakeholders in this local market. Therefore, both the perspectives of the public system and the opinions of the representatives of the entrepreneurial sector will be analyzed.