Colliers: Romanian land market ended 2024 with transactions of approximately EUR 450 mln

The Romanian land market ended 2024 with a total transaction volume of approximately EUR 450 million, a level comparable to that of 2023, according to estimates by real estate consultancy Colliers.

Demand was focused mainly on the residential sector, with an emphasis on Bucharest and the metropolitan area, but also on the largest regional cities, where buyers identify opportunities to acquire valuable land.

Bucharest and the metropolitan area dominated the market, generating 80% of the transaction volume, with the residential sector representing 70% of it. Retail, with a share of about 20% of the market volume, was influenced by the closing of older transactions, such as the sale of the Helitube and Filan platforms in Bucharest, but also by land acquisitions for retail parks or shopping malls in various cities across the country. In the office sector, transactions such as the auction of the Romaero land by One United Properties attracted attention, along with several strategic acquisitions for potential future developments within mixed-use projects.