Romanian transactions value in real estate at over EUR 400 mln in H1, over EUR 1 bln investments this year, says Colliers International

The real estate market in Romania was dynamic in the first half of the year, with the overall transactions value exceeding EUR 400 million. The sector will register EUR 1 billion in investments this year, according to Colliers International, according to Business-Review.eu.

Big transactions were recorded in the industrial and retail sectors, such as the sale of Dacia Pitesti warehouse to Globalworth, a transaction intermediated by Colliers International for EUR 42.5 million, as well as the transaction between Iulius Group and Atterbury Group.

„The average value of transactions increased significantly compared with 2016 and we estimate that 2017 will continue to be a very good year for investments market. The high transactions volume proves that the market becomes more liquid and the investors are interested in the portfolio diversity, Also, we observe a tendency of the international investors to create partnerships with the local developers. This dynamism will lead to a total volume of investments of EUR 1 billion this year, making 2017 the best year for this market from post-crisis period,” said Mihai Patrulescu, head of Strategic Analysis within Colliers International.

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