OFFICE
Roughly 116,000 sqm of office spaces were leased in Bucharest in Q4 2023, bringing the total 2023 transactional volume to over 463,000 sqm – an all-time annual take-up record, according to data from real estate consultancy company Cushman & Wakefield Echinox. The volume under review is 43% higher year-over-year and also marks a 19% increase compared with the previous benchmark of 390,000 sqm set in 2019.
INDUSTRIAL
The modern stock of industrial and logistics spaces exceeded 7 million sq. m in Romania at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions (Bucharest – Ilfov, West and South-Muntenia). A total of 500,000 sq. m of new industrial and logistic spaces will be delivered in 2024, according to Cushman & Wakefield Echinox.
MORTGAGE
The volume of mortgage loans in RON granted by banks doubled in the fourth quarter of 2023 exceeding RON 10 billion on an annual basis, data published by the National Bank of Romania, quoted in a press release by Imobiliare.ro Finance revealed.
INSURANCE
Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in January-September 2023, up 61% on an annual basis, data from the National Association of Insurance and Reinsurance Companies in Romania (UNSAR) showed.
