Romania posts biggest CEE growth in real estate deals in first 9 months

Newsroom 13/10/2014 | 15:18

Romania had the biggest growth in real estate transaction volumes in Central and Eastern Europe in January-September, of 215 percent, to nearly EUR 700 million, but the country remains less attractive than Russia, Poland and Czech Republic, according to CBRE.

In the first nine months of last year, the total volume of real estate transactions on all segments (offices, retail and industrial) totaled EUR 222 million, according to CBRE.

Although registered the biggest growth in the last six years, reaching EUR 699 million, it is still behind Russia (EUR 2.054 billion compared to EUR 3.7 billion in 2013), Poland (EUR 1.8 billion compared to EUR 2.1 billion) and the Czech republic (EUR 1 billion compared to EUR 908 million).

Romania together with Hungary (which recorded a 126 percent increase to EUR 396 million) had the biggest growths in the analyzed region, which also includes Ukraine, Serbia, Slovakia, Baltic countries, Croatia and Bulgaria.

“Poland continues to be the most attractive market for investors, but immediate product availability make Czech Republic, Romania and Hungary into worthy alternatives. Investments in Czech Republic, Hungary and Romania will increase even more”, according to a CBRE report.

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