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BUCHAREST LAND MARKET MARKETBEAT 2017
- The total land area transacted in Bucharest during 2017 was of 116 ha, the highest volume recorded in the last ten years. In terms of value, land transactions amounted to € 216 mil., which represents an increase of 69% compared to the previous year.
- The perspective on the Bucharest land market remains positive, but the number of large sites inside the city, with utilities and public transportation nearby started to lessen.
- The north – west part of the city can absorb a new major retail scheme, several sites being available in the area. In the same time, big box operators are still looking for options to increase their presence in Bucharest.
