Romania's real estate transactions up threefold in 2014

Romania ranked 4th among the Central and Eastern Europe (CEE) countries in 2014 for real estate transactions, after Poland, Russia and the Czech Republic, according to the real estate company CBRE. The value of the real estate transactions in CEE fell by 13% to EUR 9.8 billion last year, after the real-estate investments in Russia decreased by half. Romania recorded a record volume of real estate transactions, worth EUR 1.1 billion in 2014, up 220% compared to 2013, when it registered EUR 351 million, according to CBRE. The local market for real estate investments remains below those of Russia (EUR 2.261 billion), Poland (EUR 2.9 billion) and the Czech Republic (over EUR 1.9 billion). The analyzed region also includes Hungary, Ukraine, Serbia, Slovakia, the Baltic States and Croatia. Diana Mesesan, diana@romania-insider.com