The local real estate market is expected to register almost 2 million sq m of new commercial properties (retail, office, industrial) delivered in 2019, representing a 37% year/year growth, according to the annual market report launched by Activ Property Services.
Real estate market registered a spectacular evolution in 2017, with record volumes of activity on the industrial and office sectors, record demand in most of the sectors and growing occupancy rates. Rental levels were generally stable, with some increases reported for retail and industrial spaces, while residential prices increased by an average of 10%.
Romania Real Estate Market Report for 2016
The real estate market in Romania registered last year the fastest growth in the last 5-7 years. Developers have intensified their activity in all sectors of real estate, taking advantage of the good market situation and growing demand.
New supply reached 5-year record levels, registering growth of 11% for the residential market, + 39% for shopping centres new supply, while the area of offices completed in Bucharest was 4 times larger than in 2015.
Annual market report with regard to the evolution of the Romanian real-estate market in 2015.
The evolution of the Romanian real-estate market in Q3 2015.
