Colliers | Romania Feed

The Romanian investment market recorded transactions worth over EUR1.25 billion in 2022, well above the EUR890 million level recorded in 2021, seeing the highest value since 2007, as per the 2022 Annual Report released by Colliers.

The year 2023 will probably be a period of rebalancing on the real estate investment segment, after the record highs in 2022, and the logistics and industrial segment remains one of the most dynamic real estate sectors, according to consultants of real estate consulting firm Colliers.

Investments in commercial real estate assets in Romania reached a record high in 2022, of over EUR1.2 billion, the highest level since 2007, a significant increase compared to the usual average volume of about EUR900 million that Romania has had from 2014 to date, according to a report by real estate consulting firm Colliers.

The volume of deals with land intended for commercial real estate projects in Romania (excepting the traditional industrial and logistics projects) reached approximately EUR450 million in 2022, lower than EUR800 million in 2021, according to estimates by real estate consulting firm Colliers.

Beyond the increasing of uncertainty, the conflict in Ukraine did not have visible effects on the local office market, but its aftermath – particularly the higher inflation and the rising cost of risk – is relevant, said Silviu Pop, Director CEE & Romania Research at Colliers.

The strong increase in authorized areas in the third quarter of 2022 canceled the decrease in the first part of the year, therefore, after the first nine months there are only 1% fewer authorized units compared to the same period of 2021, according to Colliers.

After four quarters of solid performance, activity in the office space market slowed down in the third quarter of this year, a Colliers analysis shows.

Transactions of apartments and houses began to decline starting with spring 2022 due to high energy costs, rising construction materials and fuel prices, in addition to rising costs associated with mortgages, according to Colliers consultants.

Residential developers in Romania remain focused mostly on areas outside of capital city Bucharest where the land supply is abundant, prices are smaller and building permits are obtained without challenges, as per a Colliers market report on the evolution of the real estate market in the first half of 2022.

E-commerce boom is slowing down, and this is a clear signal of a more wary consumer in major cities, where most online purchases are registered, according to Colliers.

Romania’s housing market is heading toward a new record in terms of deliveries in 2022 as well, in a context dominated by rising prices of building materials and implicitly of apartments, as the gap between deals and deliveries continues to be extremely high, both in Bucharest and nationwide, reveals an analysis by real estate consulting firm Colliers.

The Bucharest office space market returned to pre-pandemic levels, the industrial and logistics spaces reach new record highs and the investment market could reach its highest level in more than ten years, according to Colliers’ Mid-Year Report for 2022.

The recovery of the Bucharest office space market continued in the first half of 2022 too, despite uncertainty and fears of an economic slowdown, according to real estate consulting firm Colliers.

The increase in construction costs will influence the delivery rate of new office space projects, with many real estate developers preferring to delay construction works to see to what extent the extra cost can be absorbed by higher rents, real estate consulting firm Colliers said in an analysis.

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a pace significantly faster than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation, in line with an analysis by real estate consulting firm Colliers.

Head of Industrial & Business Development since last September, Victor Cosconel also takes over the management of Office 360° at Colliers starting with May 1st. He replaces Sebastian Dragomir, who has been responsible for developing new growth strategies for the department over the last 5 years.   With more than 20 years of experience in […]

The high activity levels seen on the local real estate investments market at the start of 2022 indicate that the total investment volumes in Romania could exceed EUR1 billion in 2022, according to representatives of real estate consulting firm Colliers.

Given the high activity levels seen at the start of the year, with several deals already closed or signed in the first month, investment volumes in Romania could finally exceed 1 billion euro în 2022, according to the 2021 annual report released by Colliers.   Just a few big-ticket office deals in quite advanced stages […]

The Romanian real estate market has enough resources for a strong pick-up in activity in 2022, subject to how the pandemic will evolve, as well as other new themes, Colliers consultants predict. Consequently, 2022 could be a record year for real estate investments in terms of market activity, with the industrial market also potentially ready to set new benchmarks.

The Romanian real estate market has enough resources for a strong pick-up in activity in 2022, subject to how the pandemic will evolve, as well as other new themes, Colliers consultants predict. The repricing of risk and other post-pandemic trends will greatly influence the appetite and value of real estate investments in 2022 and beyond. […]