2023 was a difficult year for the real estate investment market. In Europe, preliminary data shows that the total investment volume dropped by more than 50% compared to 2022. Romania attracted investments worth around 500 million Euro, 60% less than the previous year.
Last year, 23 investment transactions were concluded on the Romanian market, with an average value of 21.5 million Euro. 10 of these, with a total value of over 300 million Euro, were brokered by real estate agencies, with direct transactions totaling just over 185 million Euro. Crosspoint Real Estate advised on four of these transactions, which totaled over 35 million Euro.
Among the top transactions assisted by Crosspoint Real Estate is an investment project by “Carol Davila” University of Medicine and Pharmacy in Bucharest, both for the development of genomic research and a medical education center..
“Despite the many challenges the real estate market went through in 2023, I can only be proud of the Crosspoint team’s dedication and strategic approach, qualities that helped us rank third in the top investment transactions involving real estate agencies. This success underlines our ability to adapt, thrive and deliver quality service, even in unpredictable and dynamic circumstances.”, says Codrin Matei, Principal Partner of Crosspoint Real Estate.
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