Romanian real estate has attracted foreign investment of EUR 12 billion in the last ten years

by   CIJ News iDesk V
2022-11-01   09:40

Real estate and construction have attracted foreign direct investments of EUR 12 billion in the last ten years, according to an analysis by real estate consulting company Cushman & Wakefield, based on data from the National Bank of Romania.

"With an average investment of around EUR 1.2 billion per year, foreign capital has played a decisive role in the evolution of the local real estate market in the last decade, also contributing to the consolidation of Romania as a major IT and logistics hub in Eastern Europe. Romania is a country where the potential for development remains huge in all segments, and alongside the domestic capital, increasingly visible in recent years, the presence of foreign investors is more than beneficial. From this point of view, the authorities have a great responsibility in creating a transparent and predictable legal and fiscal framework for real estate developments and investments, given that Romania is in competition to attract this capital. Unfortunately, the situation created in Bucharest in the last two years has led many developers to reevaluate their investment options", says Cristi Moga, Head of Capital Markets at Cushman & Wakefield.

Foreign investors are the largest owners of modern real estate spaces in Romania, in all market segments, and own more than 70 percent of the total stock of such spaces.