Bucharest accounts for 80% of all property acquisitions in Romania

About 80% of the real estate investments made in Romania last year were recorded in Bucharest, according to a study by real estate consultant JLL. The acquisitions of industrial spaces ranked first, with a share of 41% of the total investments. They were followed by the purchases on the office segment, which accounted for 38% of the total deals. The investment yields amounted to 7.5% in the office and retail segments whereas in the industrial segment the yields reached 9%. The investment yields dropped by 0.25-0.75 percentage points in 2015. The drop could continue at the same pace in the first half of 2016, given that the interest rates in Romania are 2 percentage points higher than those in the Czech Republic or Poland, said Andrei Vacaru, capital markets, JLL Romania. Most investors who look at the local real estate market either have their own funds of have the capacity to draw funds from other countries in the region, he added. editor@romania-insider.com