This surpassed levels recorded by South African or Austrian capital over the same period.

The total transaction volume in 2025 reached approximately €525 million, nearly 30% below the 2024 level of €750 million. Colliers consultants explain this decline reflects the postponement of major transactions and domestic political uncertainties rather than lack of investor interest.

"One of the most important trends in Romania's investment market is the increasingly strong role of domestic capital, which has become a factor of stability," explains Ionuț Mandanac, Associate Director Capital Markets at Colliers.

Retail was the most active sector in 2025, generating approximately 38% of total volume. The year's largest deal was the sale of a retail park portfolio of approximately 32,000 sqm to British fund M Core for around €57 million. The office segment generated approximately 31% of total transaction volume, with the most significant deal being the acquisition of the first phase of the Equilibrium project in Bucharest by Hungarian fund Gránit Asset Management for approximately €52 million.

At regional level, the six major CEE markets attracted €11.6 billion in investments, 31% above the previous year's level. For 2026, Colliers anticipates moderate growth in regional investment activity, with Romania's investment volume potentially exceeding €750 million and possibly reaching €1 billion in an optimal scenario.