Thursday, 17 May 2012

Real estate investment in Romania rises

The volume of money ploughed into Romanian commercial property increased significantly in the first quarter of 2012.

Property Magazine International reported on data published by DTZ Echinox, which revealed the €99 million (£78.9 million) invested in the country's real estate market between January and March represented a 189 per cent rise over the final three months of 2011.

Looking at real estate investment for last year, compared to 2010, the mixed-use and residential sectors made the biggest gains, with retail assets losing out.

According to DTZ, prime yields in the office, retail and industrial industries are stable, standing at eight, 8.5 and 10.5 per cent respectively.

Romanian real estate is a popular choice among alternative investors, US firm Alternative Asset Analysis recently claimed.

The organisation explained fluctuations in global economies are encouraging investors to turn away from equities and look elsewhere for opportunities, with property in Romania among the top options.


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