“By the end of 2025, the volume of commercial and service space exceeded 2.37 million m2, but the supply of modern spaces is still insufficient to meet the demand from retailers. The expansion of European fashion brands and the development of local retailers are limited by the lack of modern shopping centers,” says the study prepared by the Investment Agency of Moldova.
Another promising segment is logistics. According to Invest Moldova, the area of warehousing and logistics premises has reached about 1.09 million m2, but the demand from distributors and retailers exceeds the supply. Specialists predict further growth of investments in modern warehouses in the next three years.
New market drivers
In parallel, authorities are accelerating investment in infrastructure, including roads, bridges, power grids and logistics centers, many of which are being financed with European Union support. These projects are expected to boost the real estate sector and attract new international investors.
As Moldova moves closer to the European Union and infrastructure investment intensifies, the local real estate market is entering a new phase of development. The economy has largely recovered from the shocks caused by the pandemic, the war in Ukraine and the energy crisis, and “moderate economic growth of 2-3% per year” is expected in the coming years.
The commercial real estate sector and infrastructure projects are planned to grow faster than the economy as a whole. For investors from Romania and the European Union, Moldova is becoming an increasingly attractive destination. Returns on real estate investments continue to exceed the levels of many Central and Eastern European capitals, and reforms related to the EU accession process, projected for the period 2028-2030, contribute to the reduction of country risks and increase the attractiveness of the market, according to the analysis.
Overall, Moldova remains a market with high development potential, especially in the areas of retail, logistics, infrastructure and renewable energy. With the advancement of European integration and the expansion of new international companies in the region, the Moldovan real estate sector has the potential to become one of the most dynamic in Eastern Europe, the study concludes.
