Romanian Investment Marketbeat H1 2026
Bucharest, July 2026: The first half of 2026 recorded a total investment activity of €211.1 million, marking a 46% decrease compared to the same period last year. However, following the completion of AFI Europe’s acquisition of a portfolio of six retail parks from MAS Real Estate and several smaller transactions, during the first seven months of the year, the total investment volume has already exceeded the level recorded throughout the whole of 2025, according to the Marketbeat Investment H1 2026 report published by Cushman & Wakefield Echinox.
During the first six months of the year, the office sector accounted for the largest share of investment activity, attracting €138 million, or approximately 65% of the total transaction volume. Following the completion of the €282 million AFI Europe-MAS Real Estate transaction in early July, the retail sector regained its position as the most transacted asset class, with a volume exceeding €350 million.
Other notable transactions completed in the first half of the year included the @EXPO office complex in northern Bucharest, the NEST retail parks in Miercurea Ciuc and Moinești, the Record Park office scheme in Cluj-Napoca and the Equilibrium 2 office building in Bucharest’s Floreasca–Barbu Văcărescu submarket.
In terms of capital origin, investors from Central and Eastern Europe, including Romanian investors, were the most active, accounting for €144 million (68% of the total volume), followed by Turkish investors, with €52 million (25% of the total).
Cristi Moga, Head of Capital Markets Cushman & Wakefield Echinox: “Romania’s real estate investment market remained active despite a broader environment marked by economic and political uncertainties, successfully attracting two new investors – Turkey’s Mondo Development, which acquired the @EXPO office complex, and Czech-based Star Capital Finance, the new owner of the NEST retail parks in Miercurea Ciuc and Moinești. At the same time, AFI Europe’s €282 million acquisition of the Value Centres portfolio from MAS Real Estate, the second-largest transaction ever completed in Romania’s real estate market, demonstrates that investors with a strong understanding of local market fundamentals remain confident in the sector’s long-term performance and are willing to execute large-ticket transactions.”
The macroeconomic environment remains challenging, with Romania’s economy contracting by 0.3% in the second quarter, while inflation hovered around 10% during the first half of the year. Nevertheless, the report highlights that an economic recovery and a more stable political environment could support a stronger pace of investment activity in the second half of the year, with several medium- and large-sized transactions currently in advanced stages of execution.
The prime yields remained stable for all segments in H1, being quoted at 7.00% for high street units on Calea Victoriei, 7.25% for office & shopping center units and 7.50% for industrial spaces. These levels remain 100-200 basis points above those recorded in most Central and Eastern European markets, further strengthening Romania’s appeal to investors seeking a balanced risk-return profile.
