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Romania

For every type of real estate asset, BNP Paribas Real Estate – Valuation has local property experts covering your property valuation needs across Romania. Discover what the country has to offer.

Property valuation in Romania

As the 2nd largest market in the CEE region, Romania has long kept the attention of real estate investors, occupiers and banks. BNP Paribas Real Estate – Valuation is able to address the property valuation needs of clients for all property asset types in Romania.

Understanding Romanian property value

Our property experts understand local market and rental values in the Romanian property market.

Thanks to international agreements on investments with neighbouring countries, Romania has shown a competitive advantage over competing markets in the CEE region in the past few years. With a population of approximately 19.7 million* and 18 major airports, the country received 9.3 million tourists in 2016 to its major cities, which include Bucharest, Cluj-Napoca and Timisoara. 

Romania benefits from direct access to the Danube River in south-east Romania, whose neighbouring wetlands were transformed as a part of a six country partnership. A fast-growing number of Romania's major cities have modern tram or light rail networks, including Bucharest and Cluj-Napoca. In addition, mixed-use real estate projects are on the rise in Romania, as a solution for overcrowded cities. Current projects in progress in Bucharest bring together office and retail and residential, often within the same complex. Our property experts understand the importance of these elements in your Romanian property valuation.

Property valuation in Romanian cities

Property Valuation in Bucharest

 

 

 

The capital city of Bucharest is well connected thanks to a comprehensive transport system that includes the Bucharest metro and the Regia Autonomă de Transport București light rail. The city has sponsored several development projects to build overpasses and tunnels to connect central and northern districts to highly populated southern districts. In addition, the Bucharesti – Ploiesti Highway support facilitates logistics transport in the region.

 

 

 

Property Valuation in Cluj-Napoca

 

 

Cluj-Napoca is the second largest office market outside of Bucharest.** Because of high demand in the city centre, the surrounding areas of Calea Turzii and Calea Baciului have seen an increase in real estate investment from the financial and IT sectors. The city also benefits from its strategic location on the first section of the Transylvanian highway, which connects Romania with Hungary. The city is also a major academic centre: Cluj-Napoca is home to one of the largest university centres in Romania and occupiers benefit from public transport systems that cover the perimeter of the city.

 

 

Property Valuation in Timisoara

 

Timisoara was the first Romanian city to accommodate foreign investment in 1989. As a result, the city is home to a number of multinational companies. Foreign investment has increased in the past few years, which has led to various development projects, including the largest mixed use regeneration project in the country: Openville, a complex which brings together office, retail, and public spaces.

Whether you’re an investor, bank or potential occupier, our valuers are prepared to answer all of your questions about the Romanian property market.

 

*Source: World Bank
**Source: BNPPRE Office Handbook

 

Our team in Romania: 

BNP Paribas Real Estate Valuation’s experienced local teams are equipped with local and international market knowledge to guide you in your property valuation projects across Romania. Our expertise in Romania covers all asset types: from offices and hotels, to logistics and retail.

 

 

 

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