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23
Sep
2025
Sep
2025
Romanian resi market cools as consumer confidence falls
After several years of record demand, Romania's residential market entered 2025 in a cooling phase, marked by cautious buyer sentiment. Consumer confidence recorded the steepest half-yearly decline since the 2009-2010 crisis, excluding the temporary pandemic shock when optimism quickly rebounded, according to Colliers consultants. They note the deterioration runs deeper and is expected to last longer, fueled by labor market slowdown, political instability and fiscal changes eroding purchasing power.
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Latest news
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- Surge in pre-leases to signal recovery of Bucharest office market
New leases
- Schibsted & Vend Polska, a technology hub developing digital platforms, has extended its lease for 2,500 sqm of office space at the High5ive complex in Cracow. Walter Herz supported the tenant in the deal.
- Pasaż Grunwaldzki signed 43 lease agreements in 2025 covering approximately 6,400 sqm, representing 13% of the property's total area. The shopping centre, owned by EPP, extended partnerships with 31 tenants, including MediaMarkt (operating in its new Xpress format), Deichmann, Medicine, home&you, and DOUGLAS. Twelve additional agreements were signed with brands making their debut in the project.
- ConvergenCE has secured new lease agreements totaling 800 sqm at Budapest-based Kálvin Square. California Coffee Company extended its ground-floor lease, while a major Asian airline established a new office on the first floor. Hypo-Bank Burgenland is set to move into the eighth floor in April 2026. Additionally, Dutch media and rights management firm CAM Magyar will occupy the ninth floor starting February 2026.
New appointments
- Joanna Leńkowska has been appointed as Workthere Lead at Savills Poland, taking over the role from Thomas Jodar. Leńkowska brings five years of experience in the flexible office sector to the team, having previously worked with WeWork and CitySpace.
- CTP Romania has appointed Diane-Monique Forrest as Business Developer. She will focus on leasing activities in Transylvania, covering key cities such as Timișoara, Arad, Sibiu, and Deva.
- iO Partners has announced the appointment of Róbert Cesnek as Head of Capital Markets in Slovakia, effective from January 2026. In his new role, he will focus on further strengthening market presence, advising clients on complex investment decisions and delivering high-impact transactions across asset classes.
