Romania's construction volume close to new record in 2025

19
Feb
2026
News - Romania's construction volume close to new record in 2025 #Alexandru Atanasiu #Colliers #Construction #GDP #Infrastructure #Romania

by Property Forum | Report

Romania's construction market reached near-record levels in 2025, with work volumes growing almost 8% in the first eleven months compared to the previous year, according to Colliers' annual report. The sector now represents 9% of GDP, the highest share in the European Union and well above the 5% EU average.


The growth is driven primarily by civil engineering projects, including publicly funded infrastructure and major hospitals, which hit record levels in 2025. Non-residential construction increased over 11% compared to 2024, approaching 2023 peak levels, while residential construction grew more than 12%. Overall construction activity reached almost double pre-pandemic levels.

"The data clearly show that Romania's construction market is operating at a very high pace, close to historic highs, with this momentum driven primarily by large-scale public projects," explains Alexandru Atanasiu, Partner and Head of Construction Services at Colliers. "We are referring to volumes of work - the intensity of activity and number of labour hours - rather than the financial value of investments, which makes these results all the more remarkable."

However, the sector faces mounting cost pressures. A new carbon tax on construction materials imported from outside the EU, effective from 2026, could increase costs by 10-15%. Given Romania's heavy reliance on steel, aluminium and other metal imports, construction companies are unlikely to absorb these costs fully. Copper prices rose over 40% in 2025, reaching historic highs, while other base metals also recorded significant increases.

The construction workforce reached a record 462,000 employees in July 2025, up 1% year-on-year. Despite wage pressures in a tight labour market, Romanian construction salaries remain below other CEE countries, providing companies some flexibility. Colliers expects a more balanced market evolution in 2026, with activity continuing to be supported by public investment, provided political stability is maintained.




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New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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