Austria is the first on the top of the investors which have chosen commercial real estate in Romania last year, amounting to about a third of the acquisition total, according to Fortim, Alliance Member of BNP Paribas Real Estate. The Czech Republic and Hungary rank on the second and third position.
In 2021 Austrian companies have bought real estate assets – office and retail space amounting to a total value of EUR 323 million, the second place being occupied by Czech investors, with a total of EUR 173 million and on the third place – investors from Hungary, with EUR 150 million. During the first months on this year, the Czech and Hungarian investors have remained on top.
The transactions with commercial assets in Romania amounted to EUR 919,45 million in 2021, which represents the third historical place (after the maximum of EUR 1.038 million in 2008 and 1.006 million in 2018). At European Union level the investment in commercial real estate in 2021 have increased by15% as compared to the previous year, reaching EUR 270 billion – as a before-pandemic level.
“Both in Romania and in the European Union we can see an increase of the activity of local and regional investors, unlike those from the Middle-East, Asia and the Pacific which are not that active anymore (due to the pandemic). The investors from the Middle-East, Asia and the Pacific have represented only 8% in Romania, versus 20% in 2019, before the pandemic. At European Union level, the investment in these regions have also dropped to 15% of the total in 2021, versus 22% in 2019“, said Bogdan Cange, Managing Partner – Business Development at Fortim T.A., Alliance Member of BNP Paribas Real Estate.