RESIDENTIAL
Property owners who want to sell or rent mostly expect prices to rise, both for apartments for sale (39% of respondents) and for rent (40%) in 2024, according to the latest survey of users of Storia, the real estate platform launched by OLX. At the same time, 60% of respondents anticipate a decrease in housing prices this year.
OFFICE
Nearly 70% of Generation Z employees in Romania express the need for at least three days a week in the office, with 62% already working full time from the office, a survey of 1,208 multi-generational respondents, conducted by Genesis Property revealed.
RETAIL
Developers completed 11 retail projects nationwide in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, data from Cushman & Wakefield Echinox showed. More than 500,000 sq. m of retail spaces are also currently under construction or in different planning stages.
INVESTMENT
In 2023, Romania attracted real estate investments worth around 500 million euro, down 60% compared to 2022. A total of 23 investment transactions were concluded on the Romanian market last year, with an average value of 21.5 million euro, according to Cross Point Real Estate.
