Residential transactions in Romania up by 12% in 2020

07
Jan
2021
News - Residential transactions in Romania up by 12% in 2020 #report #residential #Romania #transaction

by Property Forum | Residential

The COVID-19 pandemic did not affect real estate transactions in Romania. During 2020, a total of 602,805 properties were traded, 62,625 more than in 2019, according to the Romanian National Agency for Cadastre and Land Registration (ANCPI). 


Although Romania has been in lockdown for two months, 2020 is the best year for real estate transactions. In the last month of the year, 77,355 properties were sold nationwide, 17,172 more than in November 2020. The number of houses, lands and apartments that were subject of sale-purchase contracts in December is 26,865 higher than in the similar period of 2019.

The best month of the year was October, when 83,675 properties were sold, with 42% more than the same month in 2019, according to Romanian National Agency for Cadastre. 

The most real estate sales were registered, in December 2020, in Bucharest (12,967), Ilfov (5,734) and Cluj (5,247) and the counties with the least real estate sold in the same period are Caraş Severin (188), Olt (236) and Covasna (377).

Dolj is the county where the most agricultural land was sold in the last month of 2020 with a total number of 893 properties, followed by Buzau with 810 and Arad with 782. 




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New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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