About €900m in real estate deals were brokered in Romania in 2016, up 35 percent y-o-y, according to JLL. Transactions on the Bucharest market made up more than 70 percent of the volume. The figure represents a drop from the previous year, indicating that liquidity in the country’s secondary cities improved, reports News.ro. Tenant demand across all market segments is at record highs. There has also been an increase in the number of properties that have been put up for sale. Yields on the Romanian market are currently higher than in the Czech Republic and Poland, standing at 7.5 percent for office, 7.25 percent for prime retail and 9 percent for industrial.
“Consequently, sentiment is strong, with transactions of approximately €630m in different stages of negotiation,” said Silviana Petre Badea, national director and head of capital markets at JLL Romania. “There is downward pressure on yields and in 2017 significant compression in industrial and mild compression in offices and retail is likely.”
