Romania continues to attract more investors
The volume of real estate investment in Romania exceeded €585 million ($645 million) in the first nine months of 2019, according to CBRE. The office market attracted more than half of the investments, and Bucharest (60 percent) and Cluj-Napoca (29 percent) were the most dynamic cities, with almost 90 percent of the investment volume.
“The figures for the first nine months show that Romania is the most competitive country in Central and Eastern Europe. For example, in the office sector, the yield [annual return on investment] is 7 percent, while the prime rents are at a level of €18.5/square meter/month [$20.4/square foot/month]. Romania is attracting more and more attention of new investors, who want to access the local market, as well as new names on the office space rental market, which makes us confident in the potential of the real estate market in 2020,” explained Daniela Boca, head of research, CBRE Romania.
According to CBRE Research data, in Central and