Q1 2024 – Market Highlights

Despite facing economic uncertainty and the highest inflation rate in the European Union (6.7% in March), coupled with the typical budgetary strains and uncertainties of an election year, the Romanian real estate market experienced heightened activity in the first quarter of 2024.

Sectors that had been lagging appeared to initiate their journey towards recovery: investments nearly doubled compared to the same period in the preceding year, there was an uptick in demand for office spaces, and the residential market continued its upward trajectory seen in the final quarter of 2023. However, demand remained somewhat subdued in the consistently strong-performing industrial market.