economedia.ro/de-la-capital-strain-la-tranzactii-d

Since 1989, Romania's real estate market has evolved significantly, transitioning from a nascent stage with limited investment to a more mature landscape. Initially, foreign investors, particularly from Israel, began acquiring smaller office buildings, attracted by high yields. The market accelerated between 2004 and 2007, with transaction volumes peaking at 1.5 billion euros in 2007. Local capital has increasingly supported the market, with Romanian investors accounting for about 30% of transactions by 2025. Despite challenges like the 2009 financial crisis and the COVID-19 pandemic, the market has shown resilience. However, rising interest rates in 2022-2023 led to a decrease in transaction volumes, although properties largely retained their operational value.