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.

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Business Forum  |  23 February, 2026 at 6:00 PM
Business Forum  |  23 February, 2026 at 2:00 PM