Real Estate: Real estate market plunges to six-year low in 2019

The volume of transactions in the Romanian real estate sector was slightly below EUR 500 million in the first three quarters of 2019, at a level comparable to that seen in the same period last year, and will edge up by a mere EUR 100-200 mln in Q4 to result in a yearly total of EUR 600-700 mln, the lowest level in six years, according to real estate consultancy firm Colliers. The reason for the subdued activity in Q4 is that several large transactions ...

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