FDI in Romanian real estate triples in past decade

Business Forum
Foreign direct investments (FDI) in Romania's real estate and construction sector more than tripled between 2014 and 2024, increasing by €15.1 billion to reach €21.6 billion by the end of last year. The sector's share of total FDI stock rose from 10.6% to 17.3%, according to National Bank of Romania (BNR) data analyzed by Cushman & Wakefield Echinox.

Foreign capital contributed to expanding modern real estate stock from approximately 5 million sqm in 2014 to nearly 17 million sqm at the end of 2024, with around 70% owned by foreign investors. The total FDI stock reached €125 billion in 2024, with real estate and construction among the top recipients of net foreign capital inflows last year, gaining €651 million compared to the previous year.

Four sectors concentrate 86.6% of total net FDI stock: industry (37.1%), construction and real estate transactions (17.3%), trade (17.2%), and financial intermediation and insurance (14%). Between 2014 and 2024, industry saw a modest 54.4% increase, while trade and construction both tripled their FDI stock. Financial intermediation grew by 123%.

"The real estate and construction sector continues to be one of the most stable and attractive industries for foreign investors, even in a context of economic and geopolitical uncertainties," said Bogdan Sergentu, Head of Valuation & Consulting at Cushman & Wakefield Echinox. "Yields for prime assets in Romania are 1-2 percentage points above reference values from most Central and Eastern European countries, representing a competitive advantage."

Total FDI flows in Romania were €5.6 billion in 2024, down 17% from the previous year due to global uncertainties and domestic vulnerabilities including modest economic growth, a deepening budget deficit, and a politically sensitive electoral context.

RECOMMENDED
Regional retail centres lead Romanias property investment in 2025
Real estate

Regional retail centres lead Romania's property investment in 2025

Shopping centres outside Bucharest were the most attractive real estate asset class for investors in 2025, accounting for almost 40% of the total transaction volume, according a new report by Cushman & Wakefield Echinox. Bucharest office buildings came second, with a 30% share in the total investment volume.

CPI Romania ends 2025 with 280,000 sqm of offices in Bucharest
Real estate

CPI Romania ends 2025 with 280,000 sqm of offices in Bucharest

CPI Romania concluded 2025 by strengthening its position as a key player on the Romanian real estate market, with a portfolio of 280,000 sqm of modern office space, representing 8% of Bucharest's modern stock. The shopping centres in the company's portfolio recorded an occupancy rate of 98%, while Sun Plaza Bucharest launched a remodelling process.

Office administration costs in Bucharest up 17% in 2025
Real estate

Office administration costs in Bucharest up 17% in 2025

Office administration costs in Bucharest increased by approximately 17% in 2025, according to analysis by Cushman & Wakefield Echinox. The rise was driven by inflation, increased personnel costs, and fiscal policy changes.

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  9 April, 2026 at 3:00 PM
Business Forum  |  9 April, 2026 at 1:00 PM