Business Forum • 11 March, 2025 at 11:29 AM
Romania's land market demonstrated robustness in 2024, registering a transaction volume similar to 2023, of around €450 million, despite economic and political uncertainties, according to a Colliers report.
Bucharest and its surroundings attracted the majority of transactions, accounting for 80% of the total, with a concentration on residential projects (70%).
Lands with building permits maintained their value, while those without experienced declines of up to 30-40%. At the same time, local investors dominated the market, and interest in land in strategic areas increased.
"The land market attracted investors from various sectors in 2024, especially residential, retail, hospitality, medical, energy and agri-business," said Sînziana Oprea, Director of Land Agency at Colliers Romania. "Interest focused on strategic areas in Bucharest, such as Militari-Preciziei, Cotroceni-Progresului or Băneasa-Sisești, but also on the metropolitan areas north of the Capital - Pipera, Corbeanca, Buftea and Snagov."
The most important transaction of the year was the acquisition of the Roca Preciziei/HILS platform, which involved 12 ha, valued at approximately €24 million. Other significant acquisitions include the former Muntenia factory, bought by the Israeli developer Dimri, along with several transactions from the CPI portfolio.
The prospects for 2025 are linked to post-election political stability and the completion of delayed transactions.
Colliers experts expect sustained activity in the land market, with an emphasis on strategic areas and projects with rapid development potential.