Western European investors have emerged as the dominant force in Romania’s real estate market over the past five years (2019–2024), injecting €1.75 billion into the sector, according to data from Cushman & Wakefield Echinox. Investors from Austria, the Netherlands, Belgium, and the United Kingdom accounted for 39% of the total transaction volume of €4.5 billion…
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Romania has become an attractive destination for foreign investors due to its growing real estate market, affordable prices, and strategic location in Eastern Europe. If you’re a foreigner looking to buy property in Romania, here are the top locations to consider. Several cities are emerging as particularly attractive investment destinations, each with its own unique…
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CONSTRUCTION -Romania’s construction sector reached record highs in 2023 and 2024, amid strong private demand for certain property segments and a significant increase in public investments, but next year is expected to be challenging, according to an analysis by Colliers. -In January-August 2024 the volume of construction works in the country was down 2.5% on…
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Romania saw house prices increasing by 6.8% in the second quarter of 2024 on an an annual basis, according to Eurostat, the statistical office of the European Union. Among the EU Member States for which data are available, six showed an annual decrease in house prices in the second quarter of 2024, and twenty showed…
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Romania attracted €2.1 billion worth of foreign direct investment (FDI) from real estate and construction companies in 2023, accounting for 17.5% of the total investment volume recorded in the country, according to central bank data analyzed by Cushman & Wakefield Echinox. The real estate and construction sector became the second largest recipient of foreign capital…
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INVESTMENT -Foreign direct investments in Romania’s real estate and construction field increased by EUR2.1 billion in 2023, holding the second biggest weight in the overall FDI at end-2023, namely 17.5%, the National Bank of Romania (BNR) data analyzed by real estate consultancy Cushman & Wakefield Echinox showed. Furthermore, foreign direct investments in construction and real…
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In the first half of 2024 circa 50 hectares of development land were transacted in Romania, the great majority, meaning 81% of the total area being transacted within Bucharest and Ilfov County areas, according to CBRE’s Romania Real Estate Outlook H1 2024. Earlier in the summer, Colliers predicted that 2024 will be a good year…
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Insurance companies in Romania have paid 93.3 million lei (almost 20 million euros) in compensation over the past 10 years for the restoration of homes after natural disasters, according to the National Union of Insurance and Reinsurance Companies of Romania (UNSAR). “In the period 2013-2023, the financial support offered by UNSAR Member insurance companies for…
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A recent study by Storia and OLX Imobiliare revealed that 53% of Romanian users of the real estate platform plan to buy a vacation home within 6 months, while 30% aim to buy within a year and 15% within 3 years. According to the data collected in June 2024, the majority of respondents (50%) have…
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The number of building permits for residential projects issued in Romania in January-August 2024 increased by 2% to 23,772 year-on-year, the National Institute of Statistics (INS) said. The most important jumps were recorded in the Sud-Muntenia (+264 permits), Vest ( +202), Bucharest-Ilfov (+137), Nord-Est (+79) and Sud-Vest Oltenia (+64) regions. On the other hand, decreases…
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