Romania’s real estate investment market recorded a total volume of approximately 152 million euros in the first quarter of 2026, in a context marked by investor caution and selective activity, according to a market review by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance. The office sector clearly dominated the market, accounting for 89% of the total transaction volume.
In second place was the retail sector, representing 8% of the total, followed by hotels (2%) and the industrial segment (1%).
The investment volume recorded in the first three months of 2026 was around 7% above the quarterly average for 2025, but 2.5% below the level registered in the first quarter of last year.
“The activity in the first quarter reflects a market where transactions are closing mainly when there is clear alignment between sellers’ price expectations and investors’ strategies. Interest in office assets remains solid but is mainly directed toward high-performing properties or opportunities where price adjustments allow entry at sustainable levels in the current market environment, creating premises for repositioning and value growth,” said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors.
The office building segment generated the largest share of investment volume through four transactions totaling approximately 135 million euros. Investor interest focused both on fully leased properties with strong operational performance and on assets with repositioning potential.
The retail segment, particularly retail parks, continues to be the second most active asset class, supported by interest from both local and international investors. Activity in this sector remains stable, although volumes are significantly below those recorded during peak market periods.
Data from recent years shows high volatility in investment volumes, with a peak in 2022, followed by a significant decline in 2023 and a partial recovery in 2024–2025. In this context, the start of 2026 does not yet indicate a sustained rebound, while short-term evolution remains dependent on the stabilization of macroeconomic conditions.