The volume of real estate investments in Romania reached EUR 359 million in the first six months of this year, three times higher compared to the same period last year.
It was one of the highest levels of investment in real estate in the last six years, according to a report of CBRE Romania. Only in the first half of 2014 the investments exceeded this level, totaling EUR 400 million.
By comparison, the real estate deals amounted to EUR 107 million in the first six months of 2015.
Retail and office properties accounted for 88% of the total investments between January and June this year. The foreign capital dominated the market, while the domestic capital represented only 1% of the big real estate investments.
The five biggest deals accounted for 80% of the total investment volume. The biggest transaction in the first six months was the takeover of Shopping City Sibiu by NEPI for EUR 100 million.
[Source: Romania Insider]
