Colliers | Romania Feed

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. […]

The total demand for modern office space increased by 23% in 2021 to 263,000 square meters, compared to the same period in 2020, Colliers data shows.

Real estate consultancy Colliers brokered the sale of the Class A Dacia One office project, developed by ATENOR, to Paval Holding, the owner of Dedeman, the largest local DIY retailer. The value of the deal is approximately EUR 50 million.   Located in the center of Bucharest, at the crossing between Calea Victoriei and Dacia […]

Continuously growing, Colliers responds to current challenges and future needs in the Romanian valuation market with the Valuation 360° solution, a new business line focused on integrated valuation services for real estate, corporate, movable and intangible assets. Thus, Colliers’ Valuation and Advisory Services department completes its team of specialists with the appointment of Bogdan Mitroi, […]

The coronavirus pandemic has intensified the migration of a large part of Romania’s population towards suburbs or localities around big cities, a trend that will maintain on the medium term, with direct impact on the development of the residential market, per an analysis by real estate consulting firm Colliers.

Real estate consulting company Colliers marks 25 years of presence on the Romanian market by transforming its head office and implementing the WELL Health-Safety standard, the newest building rating system introduced by the International WELL Building Institute (IWBI) in the context of health challenges such as the Covid-19 pandemic. Thus, Colliers shows leadership in adapting […]

The sector of land plots for residential developments remains attractive for investors in Romania in search of attractive yields, although the market is becoming increasingly crowded, per a report by real estate consulting firm Colliers.