Romanian Real Estate News – 16/01/23

Real Estate News Romania

HOTELS

Frank Reul, a development manager for Eastern Europe with French multinational hospitality company Accor, told local business daily Ziarul Financiar there’s still room for growth on the local market, even in Bucharest. Accor is carefully assessing the local market and increasingly bets on expanding its hotel network.

OFFICE

Investments in commercial real estate assets in Romania reached a record high in 2022, of over EUR1.2 billion, the highest level since 2007, a significant increase compared to the usual average volume of about EUR900 million that Romania has had from 2014 to date, according to a report by real estate consulting firm Colliers.