Romania saw a boost in the value of deals with land for real estate projects in 2017, to some EUR 350 million, well above the level in 2016.
About 70% of this value was traded in Bucharest, according to data from real estate consultancy firm Colliers. More than half of the land investments in Bucharest are for residential developments.
The local market managed to absorb both small projects and large projects with around 1,000 apartments. Downtown and Northern Bucharest were most sought after: Expozitiei Blvd, Bucurestii Noi and Băneasa-DN1-Jandarmeriei, as well as Floreasca-Barbu Văcărescu, Aviaţiei and Pipera areas.