The investment volume on the Romanian property market fell to €675m in 2015 from €1.17bn in 2014, according to a JLL report. Around 80 percent of the transactions finalized in 2015 were made in Bucharest.
Industrial transactions made up 41 percent of the total property investment volume for 2015, followed by office with 38 percent.
“Investors looking for distressed property in Romania will struggle to find any that can be worked out,” JLL said in the report. “Prospects for 2016 are positive given that the projected economic growth of the country is forecast to be one of Europe’s top performers but also the availability of quality product and the still significant yield spread between Romania and Poland or the Czech Republic.”
