Real estate investments continue at a fast pace in Romania, with the housing market and the logistics segment attracting the biggest volume of new investments, reveals the analysis.
On the housing segment, more than 10 major projects, with over 500 apartments, are under development this year in Bucharest alone. The office building segment is also likely to see new investments, as pandemic restrictions are expected to be relaxed. So far, six new office projects have been announced in capital Bucharest, set to bring almost 140,000 square meters on the market.
In line with BREC analysis, the segment of mixed projects will also see strong expansion. Three major such developments are underway in Bucharest, with another at least five unfolding in major cities of Romania.
On the logistics market, nationwide, the new deliveries are seen exceeding 500,000 square meters this year. Also, modern retail spaces covering more than 200,000 square meters are expected to be built, with most investments announced in Bucharest and western Romania, but also in the towns of Pitesti and Alba Iulia.
Rising construction costs and the shortage of skilled workers are some of the main challenges the industry is facing.
(English version by Catalina Apostoiu)