Romania's real estate investment market recorded a total volume of approximately €152 million in Q1 2026, in a context marked by investor caution and selective activity, according to a report prepared by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
The office sector dominated the market, accounting for 89% of the total transacted volume.
Among the most significant projects traded nationwide are @Expo and Equilibrium 2 in Bucharest, alongside Record Park in Cluj-Napoca.
A distant second place was taken by the retail sector, with 8% of the total, followed by hotels (2%) and the industrial segment, with just 1%. The investment volume in the first three months of 2026 is approximately 7% above the quarterly average of 2025 but remains 2.5% below the level recorded in the first quarter of last year.
"Activity in the first quarter reflects a market where transactions are mainly concluded when there is a clear alignment between sellers' price expectations and investors' strategies. Interest in office assets remains solid but is primarily directed toward high-performing properties or opportunities where price adjustments allow entry at sustainable levels," estimates Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors.
The office building segment generated the largest share of the investment volume through four transactions totalling approximately €135 million. Investor interest focused both on fully leased properties with strong operational performance and on opportunities with repositioning potential. These transactions highlight investor interest in assets located both in Bucharest and in major regional hubs such as Cluj-Napoca, despite the more cautious market environment.
"We are seeing, from last year's transactions and early 2026—particularly in the office asset class—the entry of new investors and the consolidation of those who have recently entered the Romanian market. This reconfirms the potential of Romania's market, while also marking a period of opportunities for well-prepared investors who are betting on a recovery," said Ștefan Oană, Head of Capital Market at Fortim Trusted Advisors.
