Real estate investments in Romania, down 13% in the first nine months

The value of commercial real estate transactions in Romania went down by 13% in the first nine months of this year compared to the same period of 2017, to EUR 520 million. However, real estate experts expect a volume of EUR 800-900 million for the whole year, as several big transactions should be closed in the last quarter. Real estate deals in Bucharest represented 76% of the total national volume but the liquidity in secondary cities has started to improve. Romania has a share of only 8% in the total value of real estate deals in the region, two times lower than Hungary and three times lower than the Czech Republic, which is due to the investors’ perception on the country, according to Andrei Vacaru, head of capital markets at real estate consultancy firm JLL Romania. The office segment had a share of 56% of the total volume of transactions in the first nine months, followed by retail with a share of 30%. At the end of September, yields stood at 8% per year for industrial real estate, 7.25% for offices and 7% for retail. editor@romania-insider.com (photo source: Shutterstock)