The first semester of 2017 has seen a tremendous dynamism on the real estate market in Bucharest and in other major cities of Romania.
Leasing activity on the office and industrial market is at a post-crisis maximum, which in turn supports a rapid pace for new developments. The dynamic of the retail market is quite nuanced, as developers focus on two trends: increasing coverage of modern shopping areas and catering towards the needs of knowledge workers.
The investment market has also seen a very rapid pace of development, with transactions exceeding EUR 400mn in the first half of the year. The market is seeing new and exciting developments at the structural level, which coupled with an interesting pipeline of assets should result in strong volumes throughout the remainder of the year.