The total value of real estate transactions in Romania exceeded EUR 400 million in the first half of this year, up 156% over the same period in 2016.

The total value of real estate investments could reach EUR 1 billion this year, marking it the best year after the economic crisis, according to an analysis by Colliers International.

The largest transactions were recorded in the industrial and retail sectors in the first six months of the year. These included the sale of the Dacia Pitesti warehouse to Globalworth for EUR 42.5 million and the transaction between local developer Iulius Group and Atterbury Group.

"The average transaction value has significantly increased compared to last year and we estimate that 2017 will continue to be a very good year for the investment market. The high volume of transactions shows that the market has become more liquid and investors are interested in portfolio diversification,” said Mihai Patrulescu, Head of Strategic Analysis within Colliers International.

He added that international investors have begun to conclude partnerships with local developers. The local real estate market recorded transactions worth EUR 850-900 million last year, up 30% over 2015.

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editor@romania-insider.com