Romanian Real Estate News – 11/01/24

Romanian real estate news

Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors to impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer.”

With 2023 behind us, 2024 is likely to be a good year for land purchases in Romania, according to Colliers. The volume of deals with land plots for commercial real estate projects decreased by less than 10% from the 2022 level of EUR450 million and remains considerably above the pre-pandemic level, Ziarul Financiar reported citing the real estate consultancy.