ROMANIA RETAIL Q1 2023
The Romanian economy has been strong in 2015, recording one of the highest increases in the European Union. Sustained by monetary and fiscal ease, Romania’s GDP grew by 3.7%. According to the European Commission, economic growth is projected to be of 4.2% in 2016 and 3.7% in 2017. Consumer spending will continue to have an important contribution, being stimulated by low inflation, tax cuts, real income increase and a constant decrease in unemployment.
Last year, the total value invested in commercial property in Romania was of ~ € 650 million. Approximately 93% was recorded in Bucharest. The most dominant segment in 2015 was the industrial sector. The estimated value of transactions with industrial and logistics properties is of ~ € 270 million, representing 41% of the total investment volume.