Real estate deals fall to six-year low in Romania

Romania’s real estate investment volume totaled roughly €500m during the first three quarters of 2019. An additional €100 to €200m is expected to be added in the fourth quarter, according to Colliers International. The performance is a six-year low for the country’s real estate sector. “At the beginning of the year, there were real chances for the market to cross the €1bn threshold, but several large transactions were postponed to 2020,” said Mihai Patrulescu, senior associate of investment services at Colliers International Romania. But the situation will likely improve in 2020, Patrulescu added, as the office deal volume is forecasted to hit €600m.