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Colliers: Land market dominated by demand for residential and mixed projects

Romanian land market in 2016 was characterized by an increased demand from the residential and retail projects, according to a report by Colliers International. Interest in these sectors will be maintained during 2017 and investors’ attention will be directed primarily toward the development of residential and mixed projects which can provide a complete ecosystem.

2017-02-16 15:36:45

"Given that the residential sector enjoys a significant development since 2015, investors will want to deliver projects quickly, with interest to acquire land with permits already issued," said Sinziana Oprea, associate director in the land department of Colliers International. "The main attractions will be the development of residential projects close to office buildings and mixed projects such as residential and offices, residential and retail or all three. Among the target cities we see Bucharest, but also Cluj-Napoca, Timisoara and Brasov."

Regarding land prices, there weren't any major changes, according to Colliers. Transactions prices ranged between 500 and 1,000 Euro/ sqm in Floreasca - Barbu Vacarescu, 450-600 Euro/ sqm in
Centre and 500-600 Euro/ sqm in Timpuri Noi area.

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