ARTICLES LABELLED WITH TAG Romania

Yitzhak Hagag, Co-Founder and Chairman of Hagag Development Europe, talked to Property Forum about the company's investment pipeline north of €360 million and its ongoing developments in luxury retail, offices, residential and mixed-use projects.

Romania is increasingly establishing itself as a key industrial hub within CEE driven by a confluence of factors including production relocation, burgeoning investments in logistics, and a heightened focus on ESG standards, finds a Colliers report.

Romania's commercial real estate market recorded a total transaction volume of €386 million in H1 2025, down 7.4% compared to the same period last year, according to iO Partners.

Industrial rents in Romania remain among the lowest in the EMEA, despite a significant 15% increase since 2019, according to a report by Cushman & Wakefield Echinox. 

Local developer City Garden Residence has announced the completion of the second phase of its Bonton Luxury Villas residential complex in Pipera.

The Romanian residential market experienced a notable downturn in H1 2025, with national home sales decreasing by 3.4% compared to the same period last year. Approximately 74,500 residential units were sold across the country. The Bucharest and Ilfov region, a key market, saw an even steeper decline of 7.9%, with around 25,700 units sold.

Local developer Redport, in collaboration with entrepreneur Dan Șucu, obtained the Detailed Urban Development Plan (PUD) approval for the first two phases of its mixed-use scheme Infinity Nord in northern Bucharest.

NEPI Rockcastle a new 54.1 MW greenfield photovoltaic park in Chișineu-Criș, Arad County, as part of an investment program worth €110 million.

George Gardin, Country Manager for Romania at Yellow Tree Group, spoke with Property Forum about the group's first pilot development in Romania, Aria Shopping Center, and the investment vision for the local market going forward, with a focus on diversification into hospitality and in-city logistics. 

Romania is among the few member states where residential prices have grown at rates below the EU average of around 58%, between Q1 2010 and Q1 2025, according to Eurostat.