The average cost of apartments in Bucharest, capital of Romania, in the first quarter of 2012, decreased by 4% compared with the previous quarter, and it is expected that this trend will continue, according to the online source of the Business Review, , referring to Jones Lang LaSalle data research company . Demand for housing in 2011 and early 2012 has decreased significantly. Prices remain relatively high in the new apartments, interest rates are still high, banks' conservative politics - all this hinders the growth in demand for housing. According to the most optimistic scenario, in 2012 the level of sales prices on the Bucharest housing market stabilized. During the boom of the Bucharest real estate market has been popular for investment, but a large number of developers still have not completed their projects, many were ruined, so customers came to distrust the housing market. Over the past year there has been a significant decrease in the number of completed projects. In 2011, in the town of about 1,600 objects have been completed, which is 41% less than in 2010 - the worst rate in eight years. HomesOverseas.ru
Apartments in Bucharest fell by 4%
17.05.2012
Homesoverseas.ru editorial office
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