Retail property transactions unfolded in Romania cumulated just EUR17 million in the first nine months, according to Cushman&Wakefield’s European Retail in 2012 report.
Romania is outranked by Bulgaria, where the overall value of transactions reached EUR149.7 million in the timeframe analyzed. However, Romania outranks Lithuania, Latvia, Serbia and Slovenia, which had no transactions, as well as Luxemburg, which had an overall value of EUR13.15 million.
Aside from the UK and Germany, which are far in the lead, with transactions worth a total EUR8.5 billion and EUR8.4 billion respectively, in central and eastern Europe Russia tops the charts, with transactions worth over EUR2 billion. Second place goes to the Czech Republic, with EUR1.1 billion and Poland comes after, with EUR833 million.
Cushman&Wakefield expects Romanian retail sales to post the fifth-greatest growth this year, with an increase of 3.4%, compared to a 3.8% decline in 2010. Larger increases in retail sales are expected in Russia – 13%, Lithuania – 6%, Estonia – 5% and Latvia – 4.8%.