Romanian Land Prices Down 16% In 1Q

Owners of inner city land for residential project development in Romania continued to decrease prices in the first quarter of the year, by up to 16%, under the pressure still felt from the economic crisis, according to realty ad portal imobiliare.ro. "Inner city plots are still in recession and prices are still registering some significant decreases," the company said in a news release. On the other hand, apartment prices rose by an average 0.97% in the first quarter, since the beginning of ...

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