Romanian Housing Prices Fall 5.3% During 1H

Asking prices for housing in Romania’s largest cities dropped by an average 5.3% in the first half of this year compared to the end of 2009, according to data from property website imobiliare.ro. Thus, the average price for housing reached EUR1,163 per square meter in June, from EUR1,228sqm in December 2009, which shows owners are less willing to go lower this year. The average price stood at EUR1,245sqm in June 2009, which represented a 44% decrease compared to March 2008. ...

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