iO Partners has appointed Andrei Văcaru as Managing Director for Romania, effective January 2026. After a transition period with Văcaru until year-end, Vlad Stanislav will take time off before pursuing new opportunities.

Romania's modern retail market continues expanding, surpassing 5 million sqm of leasable retail space in 2025, according to Colliers data. The approximately 190,000 sqm delivered this year consolidated a stock heavily concentrated in Bucharest and five other counties, which together account for almost half of the total. However, Romania remains below regional peers in retail space per capita, indicating potential for further development.

Globalworth Romania has begun construction of Green Court D, the fourth building in the Green Court complex in Bucharest's Aurel Vlaicu area. The project is scheduled for completion in 2027 and is currently in the preliminary construction stage involving enclosure and basement excavations.

AFI has secured a €537 million refinancing package for three projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. This represents the largest real estate refinancing transaction in Romania, reinforcing AFI's commitment to the growth and development of its projects in the country.

Housing prices in Romania's major cities have increased by 60-90% over the past six years, making apartments increasingly unaffordable in central areas, according to a report by Colliers Romania. Bucharest saw a 60% rise, while Cluj leads with a 100% surge and Timișoara recorded 90% growth.

The premium residential market in Bucharest has experienced a price surge over the last few years, reaching record levels, particularly in sought-after areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanti. This trend results from a combination of factors influencing both supply and demand within this niche segment, according to an analysis by Cushman & Wakefield Echinox.

Romanian developer Hils Development has announced the launch of Hils Nord, the seventh project in the company's portfolio with a total investment value of €200 million. The new development marks Hils Development's expansion from eastern Bucharest towards the northern area and continues the strategic direction of portfolio diversification through middle premium developments.

Real estate consultant SVN Romania brokered the pre-sale of 100 apartments within Sema Home in just five weeks, representing a third of the project's first phase.

Aria Shopping Center, a new retail concept in Bucharest's District 6, has launched its pre-leasing phase with a target of 90% occupancy before opening. The center will bring significant commercial activity to the Valea Cascadelor area.

Calea Victoriei in Bucharest recorded the third-highest rent growth among 50 global markets analysed in Cushman & Wakefield's 2025 "Main Streets Across the World" report. With rents at €70 per sqm per month, representing a 17% increase from last year, Bucharest ranks 39th worldwide and 24th in Europe, level with Zagreb.