Investors view the logistics sector with optimism and, to a lesser extent, retail over the next 12 months, according to a Cushman & Wakefield Echinox study conducted among the most important investors and developers in Romania.
Additionally, the sentiment towards offices remains cautious but slightly improved compared to previous editions of the study.
The research shows that a clear majority of investors intend to expand their portfolios over the next three years, while 21% plan to maintain the current level of activity, and only 9% estimate a reduction. The main source of financing is represented by banks, with 49% of respondents indicating the accessibility of loan conditions. Another important source is represented by loans from shareholders (19%).
"Investors view the Romanian real estate market in 2025 with optimism but also with a certain degree of caution, betting on the consolidation of the industrial & logistics and retail segments, a stabilization of demand for offices, and a selective growth of portfolios. Supported by the accessibility of bank financing, attention to sustainability, and adaptation to ESG requirements, the market's evolution suggests a balance between existing opportunities and macroeconomic challenges, in the context of increased confidence in economic stability and national consumption," says Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox.
At the same time, efficient management of operating costs is the main challenge for 39% of respondents, while 24% identify the complexity of legislative regulations as a major problem in managing real estate portfolios.
