INVESTMENTS
The volume of real estate investments in Romania is expected to reach EUR1.2 billion this year, a record level since 2008, according to an analysis by real estate consulting firm JLL.
HOUSING
-The prices of old three-room apartments in Bucharest went down, on average, by EUR750 or 0.7% to EUR108,350 last month, the ZF Real Estate Index done in partnership with real estate consulting company SVN Romania showed.
-A third of Romanians (39%) expect home prices to plunge until spring 2023, 27% expect a slight decrease, 9% forecast a stagnation, only 8% expect a slight increase, 5% predict a significant advance and 12% do not know what to expect, Ziarul Financiar reported.
OFFICE
Bucharest-listed One United Properties, a leading green investor and developer of residential, mixed use and office real estate, has completed the acquisition of a new office building, Eliade Tower, previously owned by Eurobank, for EUR9.5 million. Eliade Tower occupies a prominent corner location at the intersection of two important roads in Bucharest, Mircea Eliade and Calea Floreasca.
INDUSTRIAL
With almost 0.5 million square meters under construction and 44% of the surface area under construction already pre-leased, the modern industrial space stock in Romania stood at 5.9 million sqm in the first half of 2022, CBRE Romania data showed.
