C&W Echinox: Romania’s real estate investment market shows “incredible resilience”
The total volume of investments in real estate assets in Romania reached EUR 914 million in 2020, up 28% compared to 2019.
This evolution illustrates the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by real estate consultancy firm Cushman & Wakefield Echinox.
This consistent trend stood out from more developed CEE markets, which recorded significant drops in 2020 investment volumes compared to 2019.
Although Romania remains a much smaller market than Poland, it shortened the gap in terms of volumes compared to Hungary and the Czech Republic, commented Tim Wilkinson, Partner, Capital Markets, Cushman & Wakefield Echinox.
Looking forward, he added that in 2021 industrial & logistics demand could strengthen further.
The firm estimates that, in the medium-term, this asset class will become one of the top two most active sectors, alongside offices.
C&W Echinox also anticipates a positive year for the local market overall and more interest from new investors, especially considering that yields remain significantly more attractive than the more developed CEE markets.
(Photo courtesy of the company)