Real estate investments, down 50% in 2013

Real estate investments went down more than 50% in Romania within the first nine months this year. Thus, after the third quarter in 2013, the total investments in the real estate sector amount EUR84 million, whereas after the same period last year, the figures indicated EUR172 million according to a CBRE report, Agerpres  informs.

As per the report in question, the investments in the respective area in Central and Eastern Europe grew with 47% compared to 2012, reaching EUR6.76 billion. During the analyzed period, most of the investments were made in Russia where the market has an estimated value of EUR3.6 billion, 41% higher than in 2012. Next is Poland where real estate investments had a huge growth of over 80%, followed by Czech Republic, a market amounting almost EUR600 million, up 58%.

The real estate market shows an overall improvement, all its segments registering an increase Yet, Ukraine was the only country where there were no investments in real estate area in 2013, a sector that attracted almost EUR250 million last year. Hence, the most transactions were made in the office spaces where the investments almost doubled reaching almost EUR3.16 billion after a growth of 92%. The retail segment got about EUR2.67 billion from investments up to this point in 2013, while the industrial spaces attracted investments worth EUR607 million.