DTZ Echinox: local property investments top EUR 108 mln in 2010 Q1

The volume of real estate investments in Romania reached EUR 108.34 million in the first quarter of 2010, data from DTZ Echinox shows.

“The targeted products are mainly commercial and office space, long term, steady income generating properties, but speculative investors, the most active on the market at this time, might also consider packages of apartments, with high estimated returns, due to the current low pricing,” commented Bogdan Sergentu, head of valuations and consulting at DTZ Echinox.

The average quarterly investment volume over the last four quarters across Europe rose 12 percent from EUR 15.4 billion to EUR 17.2 billion, maintaining the growth momentum of 13 percent seen over Q4 2009, DTZ reports in its Q1 2010 European Investment market update. Retail upped its share of overall activity to 44 percent, compared to 27 percent last quarter.

The growth has been primarily driven by an increase in shopping center sales, which accounted for 25 percent of European investment in Q1.

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