CUSHMAN & WAKEFIELD ESG REPORT 2022
The total volume invested in land acquisitions in the Bucharest – Ilfov region in the last 18 months (January 2021 – June 2022) reached over €500 million. The analysis includes 46 deals with an average price of €11 million, with the size of transacted land plots totaling 280 hectares, a high total which was boosted mainly by residential developers which secured land for almost 25,000 units in all areas of Bucharest. There was a clear preference towards sites suitable for residential developments, while players active in the industrial & logistics segment pursued plots in the immediate vicinity of Bucharest, aiming to expand their portfolios. According to the official statistics, 2021 was a record year for the residential market both in terms of new deliveries and also considering that their absorption level has been exceptionally high.