European Hotels Update H1 2024
Romania recorded a solid 5.0% GDP growth during Q1 2019, the second highest in the European Union, with retail sales being one of the main contributors to this growth.
In H1 2019, the total volume invested in commercial property in Romania reached €410 million, a 5% increase compared to H1 2018. A significant number of transactions are expected to close in H2, with the total investment volume expected to surpass €1 billion threshold.
Romania has some of the most attractive yields in the region. Except for Bulgaria, prime yields in Bucharest are higher by between 130 – 280 basis points for office, 150 – 300 bp (for retail) and 150 – 350 bp (for industrial) compared to the other main markets.
