In the spotlight

Cluj-Napoca, Timisoara and Iasi lead the top of the most attractive investment destinations for 2024

Cluj-Napoca, Timisoara and Iasi lead the top of the most attractive investment destinations for 2024 2560 1707 ROMANIA PROPERTY CLUB



Romania Property Club surveyed the most dynamic investors for the forces that shape the city skyline in 2024.



The local administrations in regional areas are making an attempt in supporting real estate investment, as they’re aware of the impact on job creation and are interested in catching up in terms of development.

Our survey respondents ranked the highest achievers in terms of economic concentration and attractiveness for real estate development. Cluj-Napoca topped the list once again, which is only natural considering its world-class talent pool and entrepreneurship mindset. It is followed by Timisoara, Iasi, Brasov, and Constanta. Other newcomers on the radar are Targu-Mures and Galati-Braila, both poles benefiting from tailwind due to recent infrastructure investments. Outside of the nominated cities, we find that Craiova, Bacau, Sibiu, and Oradea have the premises to boost their contribution to the national economy in the medium to long term.

As for asset classes, the performance expectation is slightly different than for Bucharest. Industrial & logistics makes its way to the first spot; however, retail is believed to fare better than residential in regional hubs, followed by residential, mixed-use, office and hotels.

In terms of short-to-medium terms growth factors, our respondents indicated infrastructure development as one of the main drivers. The main infrastructure projects with an impact on real estate development, highlighted by our respondents:

  • Contracting and start of the execution of the A7 highway – Ploiesti – Pascani sections.
  • Section build on A1, up to Ramnicu Valcea.
  • Craiova express road to A1 is closing its final loop in the next 24 months.
  • Caransebes – Timisoara – Arad rail update to increase goods transportation speed to 120 km/hour.
  • Timisoara ring road under construction, connecting the city to the highway.
  • Rail and road around the Constanta County ports.
  • The third largest suspended bridge in Europe, crossing the Danube in Braila and the express road to Galati.
  • The express road from Oradea to the Hungarian border.