OFFICE
Bucharest’s office space rental market was dominated by companies in the IT&C sector in the first quarter of 2023, accounting for 19% of the newly leased area, an analysis by ESOP Consulting reveals.
DEALS
In the first quarter of 2023, the country’s real estate market registered seven major deals totally worth around EUR133 million, exclusively taking into account deals worth at least EUR5 million, an analysis by JLL reveals.
LISTINGS
March kicked off with an increased interest in rents, with Romanians viewing 8% more pages with real estate listings compared to February, according to the latest data from local real estate classified ads platform Storia.ro. Last month, rent prices dropped in most districts in Bucharest, generally for three and four-room apartments. In the mountainous city of Brasov average rental price of a studio apartment increased by 6% reaching 300 EUR/month while in the coastal city of Constanta, there were increases in the asking prices for studios (10%) and three-room apartments (7%).