Romanian Real Estate News – 09/03/23

Real Estate News Romania


The stock of industrial and logistics spaces in Romania stood at 6.45 million square meters at the end of 2022 and over 90% is located in capital Bucharest and the Ilfov, West, South – Muntenia, North – West and Center regions, according to the Romania Industrial & Logistics Market report by real estate consulting firm Cushman & Wakefield Echinox. The Bucharest – Ilfov region has a stock of more than 3.24 million sq. m, thus having a market share of more than 50% at national level.


More than half of real estate companies in Central and Eastern Europe expect market activity and investment volumes to decrease, amid uncertainties related to the evolution of the conflict in Ukraine, but a similar percentage (46%) estimate current investment average yields to increase, according to Deloitte 2023 Real Estate Confidence Survey for Central Europe, conducted in Poland, the Czech Republic and Romania.


The number of real estate deals in Romania stood at 47,261 last month, 13,987 more than in January 2023, data from the national cadaster agency ANCPI showed.


The insurance market in Romania could reach a record level of more than RON16 billion in 2023, supported by the increase in the value of policies, but also by the growing interest of Romanians in insurance, following the earthquakes in Turkey and Oltenia, an analysis by consulting company Frames reveals.