Romania’s property investment market is on course for a record-breaking year, with forecasts suggesting it could hit the €1 billion mark in 2024. According to a report from Property Forum, the country’s real estate sector is experiencing strong momentum, driven by growing investor interest across multiple segments, including office, industrial, and residential properties.
This predicted growth follows an already impressive performance in 2023, when Romania’s property market attracted significant attention from both domestic and international investors. The surge is attributed to the country’s competitive yields, economic stability, and an increasing number of large-scale development projects.
Analysts from CBRE, a global real estate consultancy, noted that Romania’s attractiveness to investors is partly due to its relatively low prices compared to other Central and Eastern European markets. The industrial and logistics sectors, in particular, have seen a rise in demand, fuelled by e-commerce growth and a need for modern distribution centres.
However, the office market is also expected to be a key driver of the €1 billion forecast. Bucharest, Romania’s capital, continues to lead the charge with new office developments aimed at accommodating the city’s growing tech and business services industries.
A spokesperson from CBRE highlighted the resilience of Romania’s property market, saying, “Romania has shown remarkable adaptability to global challenges, and we expect this upward trajectory in investment to continue into 2024.”
