More Romanians are looking to rent homes over higher prices and tighter lending conditions, shows a recent survey by Unlock Market Research for Colliers.
VGP registered €45.6 million worth of signed and renewed lease agreements during H1 '24, bringing total committed annualised rental income to €384.7 million.
Austria remains the most expensive country, with €4,920/sqm in 2023, followed by Germany (€4,700/sqm), France €(4,538/sqm).
The leasing volume of industrial and logistics spaces in Romania amounted to 410,500 sqm during H1 2024, down by 25% versus the same period of last year, with close to half of the total take-up recorded in Bucharest region, according to a Cushman & Wakefield Echinox report.
13% of Romanians aged between 18 and 55 in urban areas are renters and around 18% share a home they do not own with parents
Romania is making gains expanding its renewable energy capacity, recording an increase in the number of projects that are fully permitted for development.
The European Investment Bank (EIB) is committing up to €30 million to co-finance a major onshore wind farm project in the eastern part of the country, near the Black Sea coast.
Rail logistics provider ÖBB Rail Cargo Group is relocating its office to Business Garden Bucharest. Vastint Romania has secured the new lease with the group.
OMV Petrom has finalized a transaction with NewMed Energy Balkan to advance exploration in the Han Asparuh offshore block in Bulgaria.
Trinity Investments Management has officially launched on Wednesday, becoming the first private equity fund in CEE dedicated exclusively to the food sector.