The upward trend of Romania’s economic growth, reflected in the GDP positive evolution, was abruptly interrupted in 2020 by the global sanitary crisis with tumultuous reverberation in the worldwide economy.
At the end of H1 2021, Romania’s total investment volume amounted to EUR 303.6 mln, 21% below the level registered during the first six months of the previous year. The second quarter accounted for 31% of year-to-date volumes, and also marked the largest transaction of the year.
At the end of H1 2021, the Bucharest modern office stock has reached 3.00 mln. sq m of office space, out of which more than half, respectively 63% being class A.
Romania’s modern retail stock reached at the end of H1 2021 at 3.93 mln. sq m of shopping centers and retail parks, as circa 25,700 sq m were delivered during the first six months of the year in defiance of a previous restrictive year when most of the retailers were forced to lock their businesses for few months.
Industrial modern stock in Romania reached at the end of H1 2021 at approx. 5.38* mln. sq m once new projects counting almost half a mln. of sq m, meaning 240,000 sq m were welcomed throughout the country.
In the first half of 2021 more than 80 hectares of development sites were sold nationwide. The overwhelming share of 94% from the total traded land was located in Bucharest and its outskirts while the remaining 6% was found in regional cities.