Romania is ranked fourth among European countries with the most affordable housing, according to the Deloitte Property Index 2025. 

Over the past decade, Romania has faced increasing pressure - both from domestic and from international institutions - to modernize its property tax system. With structural challenges in housing affordability and significant fiscal constraints at the national level, local tax reform, as outlined in the National Recovery and Resilience Plan (PNRR), has emerged as a critical priority, writes Daniel Grigore, Director, Corporate Income Tax, Deloitte Romania.

CPI Romania has announced the renewal of lease agreements with Deloitte Romania and WPP at The Mark office building in Bucharest, totaling over 12,000 sqm of office space.

The real estate and construction sector was the most active in terms of the number of M&A transactions in Romania during 2024, accounting for 28% of the total market, which reached an estimated value of between €5.7 and €6.1 billion.

APS Group, an alternative asset management investor, has fully purchased IMO Property Investments Bucharest, part of Eurobank Group, for an undisclosed amount. 

The real estate market is strongly connected to the evolution of the economy at the local, regional, and global levels, so the challenges of recent years – increasing construction costs, changing preferences of consumers and availability of financing – have significantly impacted medium and long-term development strategies, write Alexandra Smedoiu and Marius Vasilescu, Partners at Deloitte Romania for Property Forum.