2023 was a difficult year for the real estate investment market. In Europe, preliminary data shows that the total investment volume dropped by more than 50 percent compared to 2022. Romania attracted investments worth around EUR 500 million, 60 percent less than the previous year.
Last year, 23 investment transactions were concluded on the Romanian market, with an average value of EUR 21.5 million. 10 of these, with a total value of over EUR 300 million were brokered by real estate agencies, with direct transactions totaling just over EUR 185 million. Crosspoint Real Estate advised on four of these transactions, which totaled over EUR 35 million.
Among the top transactions assisted by Crosspoint Real Estate is an investment project by the “Carol Davila” University of Medicine and Pharmacy in Bucharest, both for the development of genomic research and a medical education center. This complex project involved the acquisition of two buildings in Bucharest, with a total value exceeding EUR 15 million.
