For 2018, increases and new demands are expected from players about to enter the market and from existing players willing to extend or relocate.
The fourth quarter of 2017 brought to the Romanian market transactions of over 85,000 sqm, which balances the results of the two semesters (over 150,000 sqm/semester). Calea Floreasca/Barbu Vacarescu Roadway keeps its top spot in terms of areas with the highest market demand (16%) and is closely followed by the CBD, center-west, Piata Presei Libere (the Free Press Square) and Dimitrie Pompeiu.
In Romania, Bucharest remains the main economic engine and the preferred destination for investments in the context of Romania’s economic growth, estimated at 4.4% in 2018.
Provisional data for 2017 suggest the volume of investments in European retail properties will exceed the EUR216 billion level registered in 2016, but will remain below the peak of the market in 2015, when over EUR250 billion were invested. For 2018, the report forecasts volumes similar with a year before.