Colliers | Romania Feed

Romania is increasingly attracting the interest of investors looking at CEE for industrial or office spaces, partially owing to government incentives that can cover as much as 70% of eligible costs, reads Colliers report “How Government Incentives Shape Industrial & Office Real Estate in CEE”.

Bucharest's office market is experiencing a major shift, marked by limited supply and increasing rental costs for prime spaces, according to a report by Colliers.

Bucharest office market in 2024 registered the lowest level of deliveries in the past two decades, with a single major project completed, AFI Loft, of around 16,000 square meters, reveals Colliers’ annual report.

Romania’s land market remained stable in 2024, with the volume of transactions nearing EUR450 million, similar to the level recorded in 2023, despite an economic and political climate marked by uncertainty, according to Colliers’ annual report.

Romania’s hotel market is undergoing a period of fast growth, reaching a 30-year high of over 25 overnight stays in 2024, supported by a rising number of foreign tourists and high demand for modern hotels, reveals Colliers annual report.

New house deliveries dropped by 15% last year nationwide and by over 20% in Bucharest, while demand rose by 7%, reveals Colliers annual report.

CEE office markets are undergoing a transformational process and Bucharest, beside Warsaw, Prague and Budapest, are standing out by a rising stock of green buildings and integration of sustainability standards, read Colliers’ “CEE Office Markets on the Green Path-Decarbonisation Potential” report that analyses the office markets of 11 cities in the region.

Romania real estate investments reached EUR750 million in 2024, up 58% from 2023, but a little below the past decade’s annual average of EUR800 million, in line with Colliers annual report.

Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers consultants predict in the report ”Top 10 Forecasts for the Romanian Real Estate Market in 2025”.

Romania houses are still among the most affordable in CEE, as average wages have risen in the past five years at a faster clip that housing market prices, reveals the latest analysis quoted by Colliers.

Romania’s real estate market is readying to end a mixed year in terms of results, characterized by strong infrastructure activity, significant investment rebound, but also a disappointing economy, with a lower-than-expected GDP increase, according to Colliers consultants.

Consumption hit an all-time high in 2024 in Romania and the market continues to present major growth opportunities should current tendencies maintain, believe Colliers consultants, as the local market boast the biggest non-food retail growth rate in the EU.

The Romanian real estate investment market ended the first three quarters of 2024 with deals worth almost EUR650 million, around three times more than in the year-earlier period, registering the biggest deal activity growth in the region, in line with Colliers data.

Romania’s construction sector reached record highs in 2023 and 2024, backed by strong private demand for certain property segments and a significant increase in public investments, but 2025 is expected to be challenging, as per an analysis of real estate consulting firm Colliers regarding the evolution of the real estate market in the first six months of 2024.

Modern industrial and logistics space in Romania reached 7.1 million square meters in 2023, making the country the third biggest I&L market of the 13 largest economies in Central and Eastern Europe and developers have more than 500,000 square meters of modern space under construction, real estate consultant Colliers says in a report.

Romanians’ intention of buying a house in the next 12 months is close to the levels of the 2006-2008 period, before the global financial crisis, and the housing market started 2024 with a 19% increase in the number of deals with apartments in the first quarter, nationwide, reveals a recent analysis by Colliers based on Eurostat data.

Investment in production machinery and military equipment in Romania surged by 80% in 2023 compared to the pre-pandemic period, well above the EU average of 30%, totaling EUR30 billion, or nearly 9% of the GDP, as per Eurostat data analyzed by Colliers.

The number of housing units sold in Bucharest in the first quarter of the year rose by 18% from the year-earlier period, while nationwide demand went up by 19%, according to real estate consultancy Colliers.

The hotel sector continued its rebound in 2023, with a sustained increase in leisure tourism, with the number of Romanian tourists accommodated in local hotel structures nearing 7 million, very close to a record high, and also above the average of pre-pandemic years, reveals Colliers’ annual report.

The share of industrial and logistics leasing transactions outside of capital city Bucharest reached a record high in 2023, while transactions in Bucharest touched a record low, with the total volume of lease contracts nearing 770,000 square meters, slightly lower than the record high of 830,000 square meters reported in 2022, as per the annual report released by Colliers.