Romania Market review

  For many years, Bucharest, the Romanian capital, has seen little investment, lagging far behind other CEE/SEE capitals such as Budapest or Prague. This is no longer the case. Romania's fast economic growth and its integration into the European Union have made Bucharest one of the most attractive cities in CEE/SEE.  With more and more international companies entering the local market, the demand for modern office and residential spaces has grown to record levels. The limited supply on the market has continuously pushed prices higher and many major projects have been started.

  After some of the important international real estate developers have avoided Bucharest for years, they have been trying to catch up recently by acquiring existing buildings and developing new ones. The local office market remains undersupplied, the pressure for investments is high and the boom on the real estate market is expected to continue, as Romania's economic indicators are better than ever.

  The rapid development of the Romanian capital has naturally stiffened the competition in the brokerage field.

  CPB's Romanian office, opened this spring, is determined to grow into one of the leaders of what might be the most promising market amongst the Central and Southern European capitals.