Romanian investors set real estate record: 200 million Euro for commercial properties in 2018

The year 2018 ended with a significant performance on the local real estate market: Romanian investors ranked second in the volumes generated by nationality. Almost 200 million Euro were paid to buy commercial properties (about a quarter of the total volume), a significant leap to more than five times their investment in 2017, according to Colliers International real estate consultancy.

“The sale of The Bridge and Oregon Park offices in Bucharest is one of the top 10 largest real estate deals ever made in Romania,” said Robert Miklo, Director, Investment Services, Colliers International. „If Romania’s economy does not go too far from potential growth in 2019 (about 4%), and the global economy will remain in a relatively favorable dynamics, growth in the real estate market can also be seen. Despite the more difficult economic context and higher uncertainties than a year ago, there are premises for 2019 to generate new positive surprises, and these two records recorded in 2018 could even be overcome.”

The largest transaction made by a Romanian investor also marked the entry into the real estate market of the Dedeman group, which bought the Bridge project in Bucharest’s center-west area for a total value close to 200 million Euro.