Romanian Real Estate News – 30/05/23

Romanian real estate


Over 58.2% of homes sold in Romania in Q1 2023 were bought with funds exclusively from own resources, without resorting to a mortgage financing, a market report by real estate consultant SVN Romania reveals.


During the first quarter of 2023, approximately 30% more franchise businesses were opened in Romania y-o-y, according to Franchwise, the largest consulting company in the field of franchises in Romania.


The expansion of logistics companies sustained the demand for warehouse spaces in Romania, a demand which totaled more than 330,000 sq. m in Q1 2023, up 10% y-o-y, according to the Cushman & Wakefield Echinox.


The occupancy of Bucharest hotels increased by 33% in Q1 2023 y-o-y but remains about 5% below the 2019 level, according to Cushman & Wakefield.