Romania Real Estate Market Outlook H1 2025

Macroeconomics

The mid-year forecast of Romania’s main macroeconomic indicators adopts a generally cautious tone, as both economic and political uncertainties still unfold following the presidential elections held in May 2025. While Romania’s GDP is expected to maintain a positive trajectory, year-on-year growth remains modest. For 2025, a 1.6% YoY increase is projected (with possibility for a downward revision), followed by more optimistic annual growth rates of 2.5% in 2026 and 2.9% in 2027.​

 

Investment

The Romanian real estate investment market showed remarkable resilience and vigor in the first half of 2025, with total investment volume surpassing EUR 390 mln., more than a quarter the amount recorded in the last six months of 2024 and approximately 8% below the H1 2024 figure. This performance confirms Romania’s positioning as a stable and increasingly attractive destination for regional capital, particularly in light of growing European investment volumes.

 

Office

Bucharest’s office market is entering a phase of recalibration, following two years of exceptional activity. While leasing volumes have moderated, the market remains fundamentally healthy, supported by steady demand from mid-sized occupiers and trust from large occupiers in stabilizing their office footprint. The lack of new supply is tightening availability in prime locations, especially for high-quality Class A spaces, which is already putting upward pressure on rents. Investor interest in well-located assets remains strong, signaling long-term confidence in the city’s office fundamentals.

 

Industrial

Romania’s industrial market continues its robust expansion, with total modern stock crossing the landmark 8.0 mln. sq m mark in Q2 2025. ​

An analysis of the geographic distribution reveals a market heavily concentrated around the capital. Bucharest remains the undisputed epicentre of Romania's logistics activity, accounting for 46% of the country's total stock. Beyond the capital, the West/North-West region has established itself as a major secondary hub, comprising 24% of the national stock, followed by the Southern (16%) and Central (10%) regions.​

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Retail 

Following a stock revision conducted by the CBRE Research team in Q2 2025, the total modern retail stock has reached 4.7 mln. sq m.

The modern retail stock in Romania expanded by approximately 116,000 sq m in H1 2025, reflecting a notable acceleration in delivery pace. This includes 41,000 sq m in retail parks (both new schemes and extensions) and 75,000 sq m in shopping center extensions.

 

Land

In the first half of 2025, approximately 73 hectares of development land were sold across Romania, marking a 45% increase compared to the same period last year. Of this total, 67% of the transacted area involved properties located in Bucharest and Ilfov counties, while the remaining 33% covered cities such as Galati, Bacau, Sibiu, and Orastie, among others.