Romania attracted around €1.2 billion worth of foreign direct investment (FDI) from real estate and construction companies during 2022, accounting for 17.2% of the total investment volume recorded in the country, according to central bank data analyzed by Cushman & Wakefield Echinox.
The real estate and construction sector became the third largest recipient of foreign capital in Romania, after industry (39.2% of the FDI stock) and trade (17.7%) and ahead of financial intermediation and insurance (13.2%). The total FDI flows in Romania stood at €10 billion in 2022.
“This positive dynamic once again illustrates the important role the real estate sector (through both domestic and foreign capital) has in the development of other economic sectors in Romania, a fact strongly confirmed by the significant expansion of all the real estate market segments during the past 10 years," said Vlad Săftoiu, Head of Research Cushman & Wakefield Echinox.
Real estate developers have delivered new office, retail and industrial projects with a total area of around 1.1 million sqm in 2022, with the modern real estate stock reaching 14.9 million sqm at the end of last year. If we consider the projects completed this year so far and those to be delivered by the end of 2023, the total stock will exceed 15.5 million sqm.
