Romania saw a 131% year-on-year growth in real estate transaction volume during H1 2024, reaching €418 million—the highest growth rate in Central and Eastern Europe (CEE). This surge places Romania third in the region, behind Poland and Czechia, and ahead of Hungary and Slovakia. The retail and industrial sectors drove 90% of this volume, while office transactions represented just 4%, according to Cushman & Wakefield Echinox. The regional transactional volume, covering Romania, Poland, Czechia, Hungary, and Slovakia, totaled €3.26 billion in H1 2024, marking a 40% increase from the same period in 2023. Poland saw a 113% rise, and the Czech market grew by 19%, while Hungary experienced a 33% decline and Slovakia a sharper drop of 73%. Romania recorded 38 transactions in H1 2024, up from 17 in H1 2023, making it the most active first half-year since 2017. The second half is expected to see even stronger activity. Cristi Moga, Head of Capital Markets at Cushman & Wakefield Echinox, noted a resurgence in investor interest, particularly from existing market players, with favorable financing conditions and price stabilization expected to drive significant transactions in the latter half of 2024. The total transaction volume for 2024 is anticipated to reach around €1 billion, consistent with the annual average over the past decade. Retail accounted for the largest share of the volume (47%) in H1, followed by Industrial (43%), Hospitality (6%), and Office (4%). The largest deal was CTP’s acquisition of six industrial and logistics parks from Globalworth for €168 million, followed by WDP’s €90 million purchase of Expo Market Doraly, a retail and wholesale center near Bucharest. Prime yields remained stable across all segments, with only a minor 10 basis point increase for industrial properties, leaving yields at 7.25% for office and shopping center assets, and 7.50% for industrial properties.
The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania. Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of […]
The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru...
Romanian prime minister Marcel Ciolacu announced that a team of lawyers contracted by the government managed to block the sale of the painting Saint Sebastian by the renowned artist El Greco, which is part of Romania’s heritage. Ciolacu added that earlier this month, the government mandated lawyers to pursue the recovery through legal proceedings at […]
Romania’s eMAG and HeyBlu, a financial services company owned by the eMAG group, have announced the acquisition of Orange Money by taking over 100% of its shares. The transaction is part of eMAG’s strategy to expand and diversify its financial services, the company said. “The acquisition of Orange Money is part of eMAG’s strategy to […]
The Romanian Olympic and Sports Committee (COSR) announced the team for the European Youth Olympic Winter Festival (EYOF) Bakuriani 2025, which will take place in Georgia from February 9 to 16. Twenty athletes will compete in four disciplines, namely biathlon, alpine skiing, cross-country skiing, and snowboarding. The biathlon team comprises eight athletes, evenly split between […]
Only 28% of teenagers in Romania aged 11-15 engage in the minimum required level of physical activity and sports to maintain good health, according to a study conducted by the World Health Organization cited on High5 Podcast. Additionally, only 23% of them perform sufficient moderate and intense physical activities for their stage of development, which […]
