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Bucharest
August 6, 2021
ECONOMY INVESTMENTS

Romanian real-estate transactions, 3rd largest in CEE

Romania is third in Central and Eastern Europe (CEE), after the Czech Republic and Poland, after it registered real-estate transactions of EUR 600 M in the first nine months of the year, according to a market report.
This year’s summer months were atypical, registering effervescence on the real-estate investments market in Central and Eastern Europe, an effervescence that led to a transactions volume of EUR 2.8 bln in Q3, higher than the cumulated level registered in the first two quarters. In the first nine months, the volume of investments in the region reached, according to JLL Romania data, EUR 5.5 bln, up by 22 per cent year-on-year.
The Czech Republic was the region’s champion, with a market share of 43 per cent of the total transactions, followed by Poland (28 per cent), Romania (11 per cent), Hungary (10 per cent) and South-East European countries (6 per cent).
Last year real-estate transactions in Romania totalled EUR 1.15 bln, representing a record level in recent years. The volume however was influenced by two transactions almost impossible to replicate in recent years, namely Auchan’s purchase of Real stores, a transaction worth EUR 260-280 M, and the consolidation of Globalworth’s portfolio through the takeover of shares held by Germany’s RREEF in several projects, a transaction worth approximately EUR 200 M.

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