Investments in Romanian property market climbed to €3108.34 million in the first quarter, from €5 million in the year-ago period, new figures from real estate adviser DTZ Echinox show.
By year-end, investments in the local market could top €500 million, DTZ Echinox said.
“Commercial properties, office spaces, and safe and profit-generating properties are expected to grab the spotlight this year, but some investors might also focus on the residential area for speculative purposes, that might yield generous return due to the low home prices”, said Bogdan Sergentu (photo) head of valuations and consulting at DTZ Echinox.
European-wide, the average quarterly investment volume stood at €17.2 billion in the first quarter.
DTZ Echinox is one of the leading property advisers in the market. The shareholders of the company are Mihnea Serbanescu (66.1%), Tim Wilkinson (17.25%), Cristian Ustinescu (6.66%) and Oana Iliescu, Mihaela Pana and Bogdan Sergentu each with 3.33%.
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