Victor Constantinescu, Managing Partner & Co-Head of firm-wide Real Estate at Kinstellar Romania, talked to Property Forum about the key deals of 2024 and shared his expectations for the year ahead.
Romania recorded commercial real estate transactions worth around €730 million in the past year, up by 47% compared to 2023, according to a report by iO Partners.
The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania.
Sales of houses and apartments increased by 7.6% in Bucharest and Ilfov region, in 2024, compared to 2023, according to an analysis by SVN Romania. During the same period, national sales increased by 6.6%.
Griffes' activity outside Bucharest accounted for 25% of its total transaction volume, with Cluj-Napoca leading the way.
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.
IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.
By gender, the unemployment rate for males exceeded that for females by 0.5 percentage points (the values were 5.5% for males and 5% for females).
The biggest risk for Romania in 2025 is not Trump tariff's policy, the German recession or the Ukraine war, but the continued deterioration of the fiscal situation.
Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release.
MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.
Tresor Le Palais in Timișoara has joined the Curio Collection by Hilton brand, marking the first transformation of this kind on the local market.
Investors view the logistics sector with optimism and, to a lesser extent, retail over the next 12 months, according to a Cushman & Wakefield Echinox study conducted among the most important investors and developers in Romania.
The analysis conducted by MerchantPro covers the results of a representative sample of online stores operating on Romania's most widely used local SaaS eCommerce platform.
Altex Romania retailer has purchased DIY network Brico Dépôt Romania from Kingfisher in a deal worth €70 million. The closing is expected to take place in H1 2025.
The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).
In recent years, the RCA market in Romania has undergone a series of significant changes, which have caught the attention of both local and international actors.
Ema Iftimie, Globalworth Romania's Managing Director, delves into the most pertinent aspects of Globalworth's Romanian-focused developments, answering key questions that showcase the company's vision and future in this market. This interview was first published in Property Forum's annual CEE TOP 100 publication.
Mortgage loans totaling €7.3 billion were granted in Romania during the first 10 months of 2024, up by 43% compared to the same period of last year, according to an analysis by SVN Romania.
The BT Property Alternative Investment Real Estate Fund, managed by BT Asset Management, has purchased Prima Shops Oradea park from Oasis Group, for an undisclosed sum.
Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.