At the end of 2014, Romania climbed to fourth place in Central and Eastern Europe in terms of real estate investment volume. Real estate investments saw a 220% increase last year (excluding the residential sector), ranking us in this top after Poland, Russia, and the Czech Republic, according to a CBRE analysis.
The volume of real estate transactions involving office, retail, or industrial spaces reached 1.124 billion euros in 2014, compared to 351 million euros in 2013. Growth in this market was also recorded in Central and Eastern Europe, with real estate investments advancing by 25%, provided we do not take into account Russia, which saw a 57% decrease compared to last year.
Poland ranks first in the region with investments of 2.942 billion euros, Russia is in second place with 2.261 billion euros, and the Czech Republic is in third place with 1.961 billion euros. Compared to last year, Poland recorded a 9% decrease, while the Czech Republic saw a 34% increase.
In Romania, retail projects accounted for approximately 40% of the total investments made last year, followed by office buildings with 29% and logistical and industrial spaces with 12%.
Source: Imobiliare.Net
Frequently Asked Questions
What was the total real estate investment volume in Romania in 2014?
The total volume reached 1.124 billion euros, representing a 220% increase compared to the previous year.
Which sector attracted the most investment in Romania during 2014?
The retail sector was the leader, accounting for approximately 40% of the total real estate investments.
How did Romania rank within Central and Eastern Europe?
Romania ranked fourth in the CEE region, following Poland, Russia, and the Czech Republic.