Published at: 2018-04-28 12:04 | Author: Amelia Turp-Balazs
There’s not enough residential development to cover demand in Romania as construction costs drive prices up further
Emotions are running high on the Romanian residential market where demand is outstripping supply and pushing sales ahead. Prices have gone up 10 percent in the last year and the trend doesn’t look like slowing any time soon. There’s also a growing price gap between the pre-1989 buildings, those built before 1963 and new apartments (especially those located in central areas). Prices are nearly double for new apartments, while those built before 1963, when earthquake codes first came into effect,...

Similar Stories:

Scandia Food invests €30m in Sibiu resi project
Scandia Food is planning to invest €30m to develop a residential project that will go up  »
Metropolitan Residence to invest €100m in Crown Towers
Metropolitan Residence is planning to invest €100m to develop Crown Towers in northern B  »
Low savings rates hitting Czech mortgage volumes
Czech banks were expecting to hand out CZK 200bn in mortgage loans, but it's now clea  »
Hyper-luxury residential planned in Prague 6
A new residential project in Prague 6 appears to be going beyond the usual boundaries of w  »
Where do you see your company going over the next two years? Since I became GM of the co   »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »