Urban Habitation, Social Interaction and the Consequences they have on the Romanian Real Estate Market

In this article we shall focus on the multiple factors responsible for the existing situation of the housing plan in Romanian urban areas and the influences on the real estate market. We will attempt to emphasize the biunivocal correspondence between the indigenous urban habitat and the types of social relationships developed, as well as to identify the manner in which the developers have adjusted to the local customs. As any totalitarian system, the communism constantly strived to destroy the real foundation of social cohesion. In this respect, one of the reasons for their almost complete success in Romania was the politics of the living spaces especially in the urban area, on the background of the village – city – village migration phenomenon that characterized the Romanian territory. Among the characteristic phenomena that led to the structuring of today real estate market, we shall first focus on the consequences of the housing privatization at the beginning of the 90’s, when the people that rented houses became owners in exchange for small amounts of money. The institutional weakness correlated with the incongruity of regulations, on the background of an endemic corruption, led to the proliferation of the constructions that did not meet any type of urban plans and lacked even the minimal infrastructure. The impact of the global crisis in Romania was greatly felt and had terrible consequences on the field of house building, as well as on the number and the value of the transactions on the housing market that not long ago was booming. Yet the new condition came as no surprise as the previous situation was perceived by the majority of the population as an artificial one.