Almost one billion Euro invested in Romania property in 2017, says JLL
Property investment volume for Romania is estimated at almost one billion Euro last year, a value 10 per cent higher than the one registered in 2016 (890 million Euro). Romania accounted 8 per cent of the total investment volume recorded in CEE Region, of 12.98 billion Euro (3.3 per cent increase over 2016). 2018-01-25 15:54:06
The growth of the Romanian market exceeds the increase of the CEE volumes, but local market is still under its potential.
"The macro-economic forecast for Romania continues to be positive, despite some recent concerns. Sentiment is strong and with a solid pipeline of transactions set for 2018 we expect a good year ahead", said Andrei Vacaru, Associate Director, Capital Markets JLL Romania.
In Romania, the number of transactions increased, with the average deal size standing at approximately 28.5 million Euro.
Bucharest accounted for approximately 36 per cent of the total investment volume, less than in 2016, showing that liquidity in secondary cities has improved.
Market volumes were dominated by retail transactions (43 per cent), while industrial, hotels and office accounted for over 22 per cent, 18 per cent and 17 per cent respectively.
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