Luxury homes market seeks salvation in rental

About 900 luxury apartments in Bucharest have been waiting for their owners for more than two years, these building developers having hanging around their necks a business worth over 240 million euros. 'Luxury' Bucharesters were the first targeted by investors taking refuge in Romania at the start of the real estate market boom. They constructed hundreds of villas to satisfy a demand that seemed incessant. Developments of this type have been refined in time and the situation ...

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