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,...

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