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The real estate market slows down its decrease and tends to stabilize

On the background of a pronounced financial crisis in the banking sector in Romania, the real estate market continued its downward trend, but more subdued than during 2009 - 2010

So, if in the last 4 years the prices for old apartments have registered declines of around 40% at national level - with diminishing values ??of even 25% per year in the early days of the crisis - in the past year the decline was only 2.5% , 2012 being considered the most stable year since the beginning of the crisis.

 

Read the entire article in Romanian, here.

Authors

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DARIAN DRS SA